Hong Kong Exports YoY (Feb) Y/Y 24.7% (Prev. 33.8%)

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BofA institute Total Card Spending (w/e Mar 21) +4.4% W/W (vs +3.2% Feb average)

CNOOC (0883 HK) FY 2025 (CNY): Net income 122.1bln (exp. 130.7bln), Revenue 398.2bln (exp. 408.6bln)

Hong Kong Exports YoY (Feb) Y/Y 24.7% (Prev. 33.8%)

Japanese aluminium premiums for April-June shipment set at USD 350-353/t (+79-81% from current quarter), sources suggest

H&M (HMB SS) forecasts Q2 external factors on gross margins to remain somewhat positive Y/Y, but an extended Middle East situation could cause additional cost pressure

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Context

Hong Kong's exports saw a year-over-year increase of 24.7% in February, a decline from the previous 33.8%. This slowdown could suggest a cooling in global demand or potential supply chain issues, which may influence economic sentiment and forecasts for trade-dependent markets.

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