The Hong Kong stock market has climbed higher in three straight sessions, surging more than 1,675 points or 8.7 percent along the way. The Hang Seng Index now sits just beneath the 19,925-point plateau although it may see profit taking as the day progresses on Friday.
The global forecast for the Asian markets is positive on continued optimism over the outlook for interest rates. The European and U.S. markets were higher and the Asian markets are expected to follow suit, although profit taking may take hold later in the day.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.