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Hong Kong Market surges 2.4%
City market surged after encouraging news regarding China's manufacturing sector. Chinas official PMI manufacturing index rose to 50.8 in March from 49.1 in February, the statistics bureau said on Sunday. A reading above 50 signifies growth in the sector. Adding to the optimism, a separate report by Caixin/S&P Global showed an even sharper rise in the manufacturing PMI to 51.1 in March from 50.9 in February.