The Hang Seng China 50 Index (HSC50) closed 2.53% lower on November 22, 2024, settling at 7,230.67 USD. The index faced a steep drop of 187.45 points from its previous close of 7,418.12 USD. Market activity throughout the day remained volatile, with the index oscillating between a low of 7,212.90 USD and a high of 7,433.17 USD.
Over the past five trading days, the index has fallen by 2.54%, contributing to a monthly decline of 5.99%. However, it remains up by 19.80% year-to-date and 15.53% over the past year. Long-term performance shows a contrasting trend, with a five-year loss of 14.45%, reflecting ongoing market adjustments.
The Hang Seng China 50 Index, which tracks the performance of 50 leading Chinese companies listed in Hong Kong, continues to experience mixed investor sentiment amidst broader macroeconomic challenges and regional uncertainties.
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