Hong Kong Soars on PMI, but volatility is subdued

China’s official PMI rose to 50.1 in March vs. 49.9 in February, beating the consensus estimate of 49.7. Other PMI estimates from HSBC and Markit Economics also beat the consensus. China’s announcement of a new deposit insurance scheme for bank deposits beginning May also buoyed financial shares. The Hang Seng China Enterprises Index was up […]