Author:
Platform: Hive
Date: Thursday, 5 June, 2025
Category: Finance-News
As I have mentioned in my passed post about HSI;
It looks like Hang Seng Index is in a critical point; wether it broke the level over 23,600 points or wether it makes a correction.
Now it is showing a goog beginning of month.
Probably soon is going to pass over the 24,000 points.
On the other hand, it is interesting to see Asia's economic momentum cooling in May, with only 11 out of 18 sectors showing growth—the weakest reading in over a year and a half.
While service-related industries, especially Software & Services, are stepping up as key growth drivers, it's concerning to see deeper contractions in sectors like Technology Equipment and Construction Materials. The mixed employment picture also highlights the uneven recovery across industries. Encouragingly, business optimism has rebounded from April, but with sentiment still below early 2024 levels, there's clearly work to be done to restore confidence and drive broader-based growth.
That’s all for now my friends!
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