Table of Contents:
The decline in the Hang Seng index
The Hong Kong Stock Exchange closed today’s session with a significant decline, with the reference Hang Seng index losing 104 points, corresponding to 0.54%. This decline brought the index to close at 19,601, highlighting a climate of uncertainty among investors. The main cause of this decline was identified in the less optimistic forecasts of Nvidia, a US giant in the microchip sector, which failed analysts’ expectations.
The news regarding Nvidia had a direct impact on the market, negatively affecting investor confidence
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Impact on the technology sector
The
technology sector was particularly affected by the decline, with the Hang Seng Tech Index recording a loss of 1.24%, closing at 4,358.15 points. This figure underlines how fluctuations in the US market can have direct repercussions on Asian markets, in particular on Hong Kong, where the technology sector is one of the most important. Investors are closely monitoring the news coming from Nvidia, as its performance may influence growth expectations for the entire technology sector in the region
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Stability of the Chinese market
In contrast to the decline in Hong Kong, the Chinese market has shown signs of stability. The Shanghai composite index closed with a slight gain of 0.07%, ending at 3,370.40 points. The Shenzhen index component also registered a minimum decline of 0.06%, closing at 10,819.88 points. These data suggest that, despite the fluctuations in Hong Kong, the Chinese market is maintaining some stability, with the Shanghai Shenzhen CSI 300 index seeing a modest increase of 0.08%, closing at 3,989.30 points. Analysts attribute this stability to internal factors and to a more controlled management of economic policies by the Chinese government
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Business confidence in France
Another interesting fact comes from Europe, where the confidence index of French manufacturing companies, calculated by INSEE, rose to 97 points in November, exceeding analysts’ expectations. However, sentiment in services and retail showed a decline, leading to an overall drop in business confidence to 96 points. This scenario highlights the challenges that European companies are facing in a changing global economic environment
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