Invest
Top Stock Market Highlights of the Week: China’s Factory Activity, UOB, Meta Platforms and Raffles Medical Group
By The Smart Investor  •  March 4, 2023
Welcome to this week’s edition of top stock market highlights. China’s factory activity Manufacturers in China must have breathed a collective sigh of relief as the country ended its draconian COVID-zero policy. China’s National Bureau of Statistics reported that the country’s manufacturing purchasing manager’s index (PMI) rose to 52.6 in February, up from 50.1 in January. Not only did the PMI for February beat the median economists’ estimate of 50.6 by a long shot, but it was also the highest reading since April 2012. This near decade-high reading signalled a strong economic recovery for the Middle Kingdom as people returned to work after the Lunar New Year break and normalcy returned. Road congestion in major cities has increased as more people go about their business, while restaurant and mall spending both rose. This is good news for companies that have suffered from snarled supply chains as China remained shut off from the world for most of last year....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance