The Hong Kong stock market ended higher on Wednesday, 05 August 2015, on the back of surge in China service business activity to11-month high and vow by the China central bank to stabilise market. However, market gain was limited after survey data of Hong Kong private sector companies signalled a further deterioration in overall operating conditions at the start of the third quarter. The Hang Seng Index ended 108.40 points, or 0.44%, higher at 24514.16 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 50.92 points, or 0.46%, to 11125.84 points. Turnover reduced to HK$68.6 billion from HK$74.7 billion on Tuesday.
The Nikkei Hong Kong Purchasing Managers' Index (PMI) posted at 48.2 in July, down from 49.2 in June, and signalled a further deterioration in the health of the sector. Operating conditions have now worsened in each of the past five months. Though moderate, the latest rate of deterioration was the second-sharpest since October 2014.
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