A Monster Night In Hong Kong

Perhaps thanks to that strong Chinese PMI number, one of the most volatile “tells” on the global economy, the Hong Kong market, has a huge night, rallying 4%.

This one-year chart shows the sharp drop, the comeback, the recent bounce, and last night’s huge night.

Plunging Asian markets have become an obsession with Western traders lately. A comeback on this front, would convince people that things are OK for now.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.