Market news : Hang Seng Index drops 1.89%, closing at 19,229.97 HKD

The Hang Seng Index (HSI) ended the trading session on November 22, 2024, at 19,229.97 HKD, marking a 1.89% decline or a loss of 371.14 points. The day’s trading ranged between 19,134.59 HKD and 19,711.40 HKD, reflecting a cautious investor sentiment. Opening slightly higher at 19,613.55 HKD, the index failed to sustain gains as the market witnessed widespread selling pressure.

Over the past five trading days, the HSI has shed 1.87%, extending its one-month loss to 6.31%. Despite this short-term weakness, the index shows a year-to-date growth of 12.23% and a one-year gain of 8.77%. However, it remains in a long-term slump, with a five-year decline of 27.67%.

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