Table of Contents:
Trend of the Chinese stock exchanges
The Chinese stock exchanges closed the day with mixed results, highlighting the uncertainty of investors waiting for the economic conference to be held shortly. During this meeting, Chinese leaders will present their economic priorities for 2025, an event that arouses great interest and expectation in the market.
The Shanghai composite index registered an increase of 0.4%, closing at 3,378.81, while the Shenzhen index declined slightly, falling by 0.1%.
The performance of the indices
In addition, the ChiNext Price Index showed a decline of 0.4%, reflecting a climate of caution among investors. However, unlike mainland Chinese stock exchanges, Hong Kong indices have shown signs of optimism. This could be attributed to investor confidence in the potential economic stimulus measures that the Beijing government could implement to support growth.
The Hang Seng Index gained 1%, closing at 19,746.32, while the Hang Seng Tech Index rose 0.3%.
The banking sector is growing
Bank securities played a key role in driving Hong Kong’s earnings. In particular, Hang Seng Bank saw an increase of 3.4%, while China Merchants Bank registered a growth of 2.25%. These positive results in the banking sector could be an indicator of investor confidence in Hong Kong’s financial system, despite the global uncertainties and economic challenges that the country is facing
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Ryanair and the increase in passengers
In a wider economic context, Ryanair recently announced that it had carried 13 million passengers in the month of November 2024, marking an increase of 11% compared to the same month of the previous year. With a load factor of 92%, the Irish airline operated a total of 73,750 flights. On an annual basis, the total number of passengers carried reached 196.1 million, an increase of 8%. These data suggest a recovery in the air travel sector, which could contribute to an overall improvement in the economy.
