AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

Quick Summary:

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

Onshore markets will be closed for the Labour Day holiday for three days from Thursday to Monday, while Hong Kong will be closed on Thursday and Monday.

Electric-vehicle makers Nio and Xpeng fell 5.1 per cent and 1 per cent to HK$31.45 and HK$72.85, respectively.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Kong Cent Index Hong China’s News April Rose Climbed Xiaomi China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 10:29:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 299 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28328013

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