Hang Seng is reacting to PMI by erasing all of its gains earlier
China's official PMIs for May are out with a triple miss. Manufacturing, services, and composite PMIs all coming in below expectations and lower than April's reading.
Some of this weakness in manufacturing can be attributed to the Labor Day week holiday, while services easing off a bit definitely a downer.
$HSI(HSI)$ is reacting to this by erasing all of its gains earlier in the day.
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https://x.com/BrianTycangco/status/1796428219018805643
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