The Hang Seng closed 0.1% higher at 21853 on Tuesday, the first rise in four sessions, with an upbeat Services PMI reading for China offering some support about the economic rebound from covid curbs. Investors also welcomed news that the US is considering rolling back some tariffs imposed against China as part of the Biden administration’s efforts to quell surging prices. Utilities and commerce and industry sectors were up while both the Tech index and the China Enterprises one ended in the red.
Historically, the Hong Kong Stock Market Index (HK50) reached an all time high of 33484.08 in January of 2018. Hong Kong Stock Market Index (HK50) - data, forecasts, historical chart - was last updated on July of 2022.
The Hong Kong Stock Market Index (HK50) is expected to trade at 20856.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18115.21 in 12 months time.