Hong Kong Stock Exchange performance
The Hong Kong Stock Exchange closed slightly today, continuing a negative series that worries investors. The Hang Seng Index declined by 0.1%, marking the fourth consecutive decline and bringing overall losses to more than 5%. This trend was influenced by investor dissatisfaction with the economic stimulus announced by China, which did not meet market expectations. The current situation raises questions about the Chinese government’s ability to stimulate a sustainable economic recovery
.
Recovery of the Shanghai Stock Exchange
In contrast to the Hong Kong Stock Exchange, the Shanghai Stock Exchange has shown signs of recovery. The composite index, after a decline of 1.4% recorded yesterday, rose by 0.51%. This recovery was mainly supported by purchases in the telephone and media sectors, which saw an increase in demand. Analysts suggest that this could be a positive sign for the Chinese market, indicating a possible recovery in some key sectors
.
Porsche’s challenges and prospects for 2024
Porsche Automobile Holding SE recently reported a decline in profits in the first nine months of 2024, with a net profit of 2.5 billion compared to 3.8 billion the previous year. Despite the decline, the holding company expects a full-year net result of between 2.4 and 4.4 billion, with an expected debt of between 5 and 5.5 billion. The company’s diversification strategy continues, with investments in emerging sectors such as drones, which could represent an opportunity
for future growth.
Prospects for European markets
In Europe, the start was slow, with particular attention to bank securities such as MPS, Bper and Banco Bpm. Investors are closely monitoring the trend of inflation in the United States, which could influence monetary policy decisions. In addition, the dollar/yen exchange rate crossed the 155 mark for the first time since July, increasing the risk of intervention by Japan. Allianz revised its annual profit forecasts upwards, thanks to growth in the third quarter, led by
the non-life sector.