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Home / zimbabwe / The Hang Seng index for the first time in four months after the premiere of China PMI briefly climbs to more than 28,000, Fed suspends, business talks begin

The Hang Seng index for the first time in four months after the premiere of China PMI briefly climbs to more than 28,000, Fed suspends, business talks begin



Hong Kong and mainland Chinese stocks rose higher on Thursday after the official benchmark in China's manufacturing activity was better than expected, although it still indicated a continued decline in the sector.

The Hang Seng Index opened up and rose in the morning trading, up 1 percent to 27,908.38. The Hang Seng China Enterprises index, known as the H-share index, gained 1.1 percent to 11,015.36.

Tencent jumped higher, by 1.9 percent for $ 350.60. Sun Optical Technology, a Huawei smartphone provider, rose 2.5% to HK 76.50. AAC Technologies, which supplies Apple with acoustic components, also added 0.7 percent to $ 48.25.

It's China! No, that's Japan! In the months of long fighting, China is gaining its title as the home of the world's second-largest stock market

Property owners also rose after the Fed showed a cautious approach to the future rate hike on Wednesday in Washington. Hang Lung Properties gained 1.1 percent to 17.02 USD. Sun Hung Kai Properties improved by 0.8 percent to 131.80 USD.

Meanwhile, trade negotiations between US and Chinese officials began overnight. The trade war continues to merit market sentiment.

On the mainland, the Shanghai Composite Index gained 0.4 percent to 2,586.90 in the near future.

The day before government statistics showed that the PMI in January was 49.5, which is slightly better than in December 49.4 and higher than the previous forecast of 49.3 in a Reuters poll.

But it was the second month that this figure was below 50 percent, which separates the expansion from contraction in the sector.

Production in China declined again in January as they are afraid of economic slowdown

Among other indices, the CSI300 increased by 0.4 percent to 3,181.46. The Shenzhen Component Index and the ChiNext starting index gained 0.3 percent and 0.2 percent to 7,483.93 and 1,233.69.

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Over the day on Wall Street, the US Majorca indexes all the advanced after the Federal Reserve Bank, after the first meeting in 2019, set interest rates and indicated an unpleasant attitude towards future rate growth, while Apple and Boeing's earnings surpassed market estimates.

Dow Jones Industrial Average rose 1.8 percent to 25,014.86. The S & P 500 rose 1.6% to 2,681.05. The Nasdaq Composite index gained 2.2 percent to 7,183.08.

Elsewhere in Asia, Japan's Nikkei 225 grew by 0.9 percent to 20,734.91. Australia S & P / ASX 200 and South Korea Kospi added 0.2 percent and 0.1 percent to 5,899.30 and 2,207.49.


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