Market Updates
China Stock Indexes Advanced, Services Sector Expansion Accelerated In May
Li Chen
05 Jun, 2025
Hong Kong
Stocks in China and Hong Kong advanced for the third consecutive session after a private survey showed an expansion in the services sector.
The Hang Seng index increased 0.4%, and the mainland-focused CSI 300 index edged up a fraction amid optimism that global tensions could ease in the next two months.
The Caixin China Services Purchasing Managers' Index increased to 51.1 in May from 50.7 in April, according to Caixin and S&P Global on Thursday.
The acceleration in expansion in the services sector reassured markets that China's economy is more likely to hit its annual economic growth target of 5%.
The Hang Seng index has soared nearly 20%, and the CSI 300 index has increased 10% since early April, as investors anticipate that the U.S. will settle tariff increases to close to 10% on all of its trading partners.
Moreover, the People's Bank of China is likely to ease interest rates and access to loans, and policymakers are likely to provide additional incentives to purchase consumer goods and support the residential property market.
China Indexes and Stocks
The Hang Seng index added 0.4% to 23,752.37, and the mainland-focused CSI 300 index edged up 0.1% to 3,871.61.
Mixue Group declined 7.8% to HK $567.50, Laopu Gold fell 9% to HK $909.0, and Nongfu Spring Co. Ltd. decreased 1.1% to HK $38.55.
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