Hong Kong Stock Exchange performance
The final session in November brought a breath of positivity to the Chinese stock markets, in particular for the Hong Kong Stock Exchange, which closed with an increase of 0.29% in the Hang Seng index. This result was driven by a significant leap in the technology sector, which saw an increase of more than one percentage point. However, it is important to note that the monthly balance sheet for Hong Kong remains negative, with a decline of 4.4%.
This decline reflects persistent uncertainties regarding China’s economic recovery and expectations about stimulus measures that could come from
Beijing.
Performance of the Shanghai Stock Exchange
The Shanghai Stock Exchange also recorded a positive close, with an increase of 0.9% in the last session of November. The month ended with a slight increase of 1.5%, mainly thanks to the strong recovery in the first week, although this was quickly absorbed. Since January, the Shanghai composite index has seen growth of around 15%, a sign of some resilience despite economic challenges
.
Impact of Swiss GDP and inflation in the eurozone
At the same time, Switzerland’s Gross Domestic Product (GDP) grew by 0.2% in the third quarter, a slowdown compared to the previous quarter. The Ministry of Economy has confirmed that this decline is due to a decrease in household consumption and investment in construction, as well as a slowdown in the chemical-pharmaceutical sector. In addition, the eurozone inflation figure is expected today, which is under the lens of the European Central Bank (ECB). The rise in inflation in France to 1.7% was lower than expected, remaining well below the 2% target set by the
ECB.
In summary, while Chinese stock markets show signs of recovery, economic uncertainties continue to weigh on future prospects. Investors will need to closely monitor economic developments and monetary policies to navigate this complex environment
.
