Indian HSBC Composite PMI Flash (Jan) 59.5 (Prev. 57.8)

Newsquawk Staff · 23 Jan 2026, 05:20 UTC

What it means

The Indian HSBC Composite PMI increased to 59.5 in January from the previous 57.8, indicating stronger growth momentum in both manufacturing and services. This beat suggests robust economic activity, which could influence market expectations about future monetary policy in India, potentially supporting a hawkish stance from the central bank if this trend continues.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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