Two U.S. indexes close higher; Hang Seng falls over a different comparison window

On October 2, the S&P 500 and Nasdaq Composite rose 0.73% and 1.19%, respectively; the Hang Seng Index fell 2.60% from its September 30 close. The Shanghai Composite's latest completed trading day was September 30, when it rose 0.31%. These records show different directions, but their comparison windows differ and cannot be treated as cross-market performance over the same period.

Concept illustration for this cross-market observation
Market Pulse concept illustration; not a market data chart.

Both U.S. indexes rise, with Nasdaq posting the larger gain

For the completed trading day on October 2, the S&P 500 rose 0.73% from its October 1 close, and the Nasdaq Composite rose 1.19%. Both indexes gained over the same close-to-close comparison window, with Nasdaq posting the larger increase. This edition's data are insufficient to determine whether gains were broad-based across sectors.

Sources: [1] [2]

Hang Seng falls, moving in the opposite direction to the U.S. records

The Hang Seng Index closed on October 2 down 2.60% from September 30. This compares the September 30 and October 2 closes, the two consecutive available closing records. Its direction was opposite to that of the two U.S. indexes in this edition, but the Hang Seng's comparison window spans more calendar days. These records therefore do not establish that the markets diverged over the same period.

Sources: [4] [1] [2]

Shanghai Composite closes slightly higher on its latest completed trading day

The Shanghai Composite's latest completed trading day was September 30, when it rose 0.31% from its September 29 close. This record predates the latest U.S. and Hang Seng closing dates in this edition and shows only that the Shanghai Composite rose slightly over its own comparison window.

Sources: [3]

What to watch next

  • Watch whether the Nasdaq Composite's gain remains larger than the S&P 500's on the next completed trading day.
  • Check whether the next pair of consecutive Hang Seng closing records shows a further decline, and verify the comparison dates.
  • Once a new completed trading-day record is available for the Shanghai Composite, check whether its direction continues.
  • Obtain CSI 300 and Hang Seng TECH Index data and updated cryptocurrency comparison-window data to see whether more assets move in the same direction.

Market data

First eight instruments with available percentage changes. Measurement windows may differ; see dates and sources below.
The chart uses the first eight instruments with available changes. Each has its own session or measurement window, so these are not directly comparable returns over one period.
Market records and measurement windows used in this edition
InstrumentPriceChangeSession / window endSourceQuality
S&P 500^GSPC7,722.7202+0.73%2026-10-02Yahoo Finance chartAvailable
Nasdaq Composite^IXIC27,190.8594+1.19%2026-10-02Yahoo Finance chartAvailable
SSE Composite000001.SS3,842.1951+0.31%2026-09-30Yahoo Finance chartAvailable
CSI 300000300.SS——Not providedYahoo Finance chartNo reliable data
Hang Seng Index^HSI23,972.2891-2.60%2026-10-02Yahoo Finance chartAvailable
Hang Seng Tech Index^HSTECH——Not providedYahoo Finance chartNo reliable data
BitcoinBTC84,497.2109-0.42%2026-10-02Yahoo Finance chartStale
EthereumETH2,668.1511-1.38%2026-10-02Yahoo Finance chartStale

Sources and method

Stocks use their latest complete sessions; crypto assets have explicit measurement windows. Dates are listed in the table. Interpretations are separated from observed facts and can be checked against the original sources below. Read the measurement policy.

  1. S&P 500 — Yahoo Finance chart
  2. 纳斯达克综合指数 — Yahoo Finance chart
  3. 上证指数 — Yahoo Finance chart
  4. 恒生指数 — Yahoo Finance chart

For information only, not investment advice. Read all daily observations