November 27, 2022

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Hang Seng Index jumps, Caixin PMI jumps below 50, RBA raises rates

Hang Seng Index jumps, Caixin PMI jumps below 50, RBA raises rates

China and Hong Kong flags flutter as screens display the Hang Seng index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, on January 21, 2021 in Hong Kong, China.

Zhang Wei | China News Service via Getty Images

Shares in Hong Kong led gains in the Asia-Pacific session after closing October with a loss of more than 14%, hovering around the lowest levels seen since April 2009.

The Hang Seng Index In Hong Kong, it rose 5.23% to 15455.27, with Hang Seng Tech up 7.8% after unconfirmed reports of the reopening of ongoing talks in China. Mainland China Shanghai boat Gained 2.62% to 29969.20 and Shenzhen Component It added about 3.24% to 10,734.25 after the country’s Caixin Manufacturing PMI came in at 49.2, slightly better than expected.

Reserve Bank of Australia Raising interest rates by 25 basis points For the second time in a row, in line with expectations. The S & P / ASX 200 It rose 1.65% to 6,976.90.

The Nikkei 225 In Japan, it rose 0.33% to 27,678.92 while Topix rose 0.47% to 1938.50, and Kospi in South Korea rose 1.81% to 2,335.22. The broadest MCSI index of Asia Pacific shares outside Japan was 2.74% higher.

Overnight in the United States, stock droppedbut spread the dao Best month since 1976 All major averages ended the month in positive territory after two months of losses.

Tuesday’s Federal Reserve meeting kicks off on the US side, as traders widely anticipate a to rise Interest rates are 75 basis points this week.

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