To the actions from the China rose on Friday as the country’s industrial activity grew above expectations, while the splitting and listing plans of some internet giants boosted sentiment in the stock market. Hong Kong.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.31%, while the Shanghai index advanced 0.36%. Hong Kong’s Hang Seng Index was up 0.45%.
O Purchasing Managers Index (PMI) industry official stood at 51.9, compared to 52.6 in February, according to data from the National Statistics Agency, above the 50 mark that separates expansion and contraction of activity on a monthly basis.
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“The PMI indicates that China’s economic recovery is on track,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.
“We’ve seen a lot of actions to boost confidence… (which) will help the economy maintain strong momentum. We believe that GDP growth could exceed 6% this year.”
Shares in media and computer companies rose 5.8% and 4.5% each, outperforming other sectors, amid a frantic rally in technology and press stocks boosted by the launch of the ChatGPT from the Microsoft.
Hong Kong-listed tech giants advanced 0.8%.
In TOKYO, the Nikkei index advanced 0.93%, to 28,041 points.
In HONG KONG, the HANG SENG index rose 0.45% to 20,400 points.
In SHANGHAI, the SSEC index gained 0.36% to 3,272 points.
The CSI300 index, which gathers the largest companies listed in SHANGHAI and SHENZHEN, advanced 0.31%, to 4,050 points.
In SEOUL, the KOSPI index appreciated by 0.97%, at 2,476 points.
In TAIWAN, the TAIEX index rose by 0.12% to 15,868 points.
In SINGAPORE, the STRAITS TIMES index gained 0.05% to 3,258 points.
In SYDNEY, the S&P/ASX 200 index advanced 0.78% to 7,177 points.
Source: Moneytimes
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