Hong Kong's Hang Seng Hit Nine-Month New High This Morning
Dou Shicong
/SOURCE : yicai

(Yicai Global) April 1 -- The Hang Seng Index, which tracks the Hong Kong Stock Exchange, hit its highest point in over nine months this morning while a strong Purchasing Managers' Index reading indicates that China's economy is warming up again.

The Hang Seng was 1.77 percent higher at 29,564.74 as of 9.51 a.m., the highest point since June 22. The Hang Seng China Enterprises Index, which includes mainland firms listed in the special administrative region, was up 2.11 percent.

The National Bureau of Statistics posted monthly Manufacturing PMI growth of 1.3 point to 50.5 for March, indicating a strong recovery for China's real economy and ending three months of readings below the 50-point growth threshold.

Editor: William Clegg

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Keywords: Hong Kong Hang Seng Index , PMI