Shanghai Composite and Hang Seng Close Higher, S&P 500 and Nasdaq Fall: November 2 Closing Review

Both U.S. Indices Fall, with a Larger Decline in the Nasdaq

In the latest full trading session, November 2, the S&P 500 fell 0.51% and the Nasdaq Composite declined 1.07%, both relative to the October 30 close. The two indices moved in the same direction, with the Nasdaq falling more. This edition’s data do not include constituent stock performance, so they cannot establish which sectors or companies accounted for the declines.

Sources: [1] [2]

Shanghai Composite and Hang Seng Both Rise, with a Larger Gain in Shanghai

On November 2, the Shanghai Composite rose 1.08% and the Hang Seng Index gained 0.42%, both compared with the October 30 close. Both indices rose within their respective measurement windows, moving in the opposite direction to the two U.S. indices in this edition. This observation covers only the indices listed.

Sources: [3] [4] [1] [2]

Same Comparison Dates, Different Closing Times

All four indices are compared using consecutive available closing records from October 30 to November 2, but the Shanghai Composite, Hang Seng and U.S. markets close at different times. These data therefore show how each index changed within its own closing window; the direction of gains and losses alone cannot confirm synchronized reactions or transmission relationships between markets.

Sources: [1] [2] [3] [4]

What to watch next

• Watch whether the Nasdaq Composite continues to underperform the S&P 500 in the next full trading session.
• Watch whether the Shanghai Composite and Hang Seng Index continue to move in the same direction in their subsequent respective closing windows.
• Once valid updates are available for the CSI 300, Hang Seng TECH Index and cryptocurrencies, check whether differences in direction across markets persist.