Table of Contents:
Chinese stock exchanges close in negative territory
The Chinese stock exchanges closed the day with disappointing results, marking a significant drop in the indices. In particular, Hong Kong’s Hang Seng Index declined by 1.2%, stopping at 19,366.96 points. This negative trend was mainly influenced by the performance of securities linked to the consumer goods and real estate sectors, which showed signs of weakness.
Technology sector in difficulty
Not only consumer goods and real estate, but also the technology sector has suffered a setback. The Hang Seng Tech Index fell 1.5%, highlighting growing concern among investors. This downward trend has been accentuated by the caution that circulates in the market, waiting for future developments and news from the central government in
Beijing.
Weakness in the Chinese mainland stock markets
Mainland Chinese stock exchanges have not been exempt from this negative trend. The Shanghai composite index saw a decrease of 0.4%, closing at 3,295.70 points, while the Shenzhen composite index registered a decline of 0.6%. These results reflect a climate of economic uncertainty that is affecting investment decisions
.
Future prospects and market expectations
The caution among investors is palpable, especially in view of the next summit of the central government in Beijing, scheduled for December. This meeting could provide crucial guidance on future economic policies and on the direction the government intends to take to stimulate growth. Meanwhile, the M3 money supply registered an increase of 3.4% in October 2024, in line with expectations, while the M1 aggregate saw a growth of 0.2%. Loans to families and businesses increased by 0.8% and 1.2% respectively, signaling some resilience in the economic
system.
