Chinese stocks notched a mixed performance on Tuesday after economic data releases that did little to inspire confidence in a sustained recovery in the world’s second-largest economy. Hong Kong’s Hang Seng Index gained less than 0.1% with the Shanghai Composite down 0.3%. Chinese economic data out Tuesday in the form of April purchasing-managers indexes (PMIs) were a mixed bag.
Hong Kong’s benchmark Hang Seng Index has surged more than 7% in April as the best-performing major index in the world. It’s now heading into a bull market, rebounding nearly 20% from its January low.
Consumer price inflation across the eurozone remained at 2.4% in the year to April, matching March’s reading.