Stock Market in Hong Kong
Hong Kong - Stock MarketHong Kong’s economic performance appears to have been feeble in the fourth quarter of last year and will likely remain subdued through Q1 2019. Meek retail sales growth throughout Q4 indicates weaker private consumption in the quarter, likely weighed on by the slowdown in mainland China affecting tourist spending, despite robust visitor inflows. Meanwhile, PMI data for the quarter showed anemic activity due to low external demand, as the country remains exposed to the U.S.-China trade conflict. This was also reflected by a contraction of merchandise exports in November and December. Furthermore, the January PMI suggests weakness in the private sector will persist in Q1, while business confidence turned sharply pessimistic for the quarter which could weigh on investment. On the flipside, the stock market has made strong gains since the start of the year—thanks notably to a more dovish Fed and hopes of progress in Sino-American trade negotiations—which should support domestic spending.
Hong Kong - Stock Market Data
|Stock Market (annual variation in %)||2.9||1.3||-7.2||0.4||36.0|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Facts
|Bond Yield||1.77||3.38 %||Feb 21|
|Exchange Rate||7.85||-0.11 %||Feb 21|
|Stock Market||28,630||-1.92 %||Feb 21|
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February 8, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 48.0 in December to 48.2 in January.
Hong Kong: Retail sales nearly flatline in December, weighed on by mainland slowdown and trade worries
January 30, 2019
Retail sales by volume rose 0.2% in annual terms in December, decelerating from the meek 1.2% growth recorded in November.
January 22, 2019
Inflation declined marginally from 2.6% in November to 2.5% in December.
January 4, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 47.1 in November to 48.0 in December.
January 3, 2019
Retail sales by volume rose 1.2% in annual terms in November, sharply decelerating from the 5.3% revised growth print logged in October (previously reported: +5.2% year-on-year).