The Hong Kong stock market turned lower again on Thursday, one day after halting the seven-day losing streak in which it had plummeted more than 1,850 points or 7 percent. The Hang Seng Index now rests just beneath the 25,900-point plateau and the losses may accelerate on Friday.
The global forecast for the Asian markets is soft on concerns over bad loans in the auto industry. The European markets were up and the U.S. bourses were down and the Asian markets are expected to follow the latter lead.
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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.