China's Economic Data Exceeds Expectations, Boosting Hong Kong Stocks

China has released its economic data for the first two months of the year, covering retail, industrial, and fixed investment sectors, which surpassed market expectations. According to Ming Pao, this has led to a slightly more optimistic outlook on the economic future. Following the data release, Hong Kong stocks climbed, with the afternoon session seeing an increase of nearly 400 points, recovering over 500 points from the morning's low and ending a three-day losing streak. Major technology stocks rebounded across the board, driving the technology index up by nearly 2.7%, outperforming the broader market.