---
title: "The rebound in the preliminary U.S. PMI indicates economic resilience, with Stock Connect (for Hong Kong) recording a net inflow of HKD 85.98 billion."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40157880.md"
description: "The preliminary U.S. S&P Global Composite PMI for April rebounded to 52.0, indicating economic resilience after the impact of geopolitical tensions in March. The Manufacturing PMI climbed to 54.0, hitting a nearly four-year high, with significant growth in output and new orders. However, part of the momentum stemmed from "panic stockpiling" by businesses concerned about supply chain disruptions due to the Middle East conflict. Although the Services sector returned to expansion (51.3), overall demand remained weak. Stock Connect (for Hong Kong) saw a net inflow of 8.598 billion yuan on Thursday, with $TRACKER FUND(02800.HK) receiving the largest inflow..."
datetime: "2026-04-24T02:35:23.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40157880.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40157880.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40157880.md)
author: "[真灼财经](https://longbridge.com/en/profiles/1067948.md)"
---

# The rebound in the preliminary U.S. PMI indicates economic resilience, with Stock Connect (for Hong Kong) recording a net inflow of HKD 85.98 billion.

The preliminary U.S. S&P Global Composite PMI for April rebounded to 52.0, indicating economic resilience after the geopolitical shock in March. The Manufacturing PMI climbed to 54.0, hitting a nearly four-year high, with significant growth in output and new orders. However, part of the momentum stemmed from "panic stockpiling" by businesses concerned about supply chain disruptions due to the Middle East conflict. Although the Services PMI returned to expansion territory (51.3), overall demand remained weak.

On Thursday, Southbound Stock Connect recorded a net inflow of 8.598 billion yuan. Among them, $TRACKER FUND(02800.HK) saw the largest inflow, reaching 3.66 billion HKD; followed by $CSOP HS TECH(03033.HK) . $GEELY AUTO(00175.HK)  recorded the largest net outflow, at 651 million HKD; followed by $BABA-W(09988.HK) .

Source: KGI Securities

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