Nasdaq rises 0.83%, Hang Seng gains 0.57%, Shanghai Composite falls 0.82%

For the completed trading day on November 3, the Nasdaq Composite, S&P 500 and Hang Seng Index closed higher, while the Shanghai Composite closed lower. These changes compare each market’s closing records for November 2 and 3, but the markets close at different times, so the moves cannot be treated as simultaneous. Cryptocurrency data is stale and is excluded from this edition’s comparison of gains and losses.

Concept illustration for this cross-market observation
Frontier Insights concept illustration; not a market data chart.

Both US indexes close higher, with Nasdaq posting the larger gain

On November 3, the Nasdaq Composite rose 0.83% from its November 2 close, while the S&P 500 gained 0.36%. This edition’s data confirms that both indexes rose and that Nasdaq posted the larger gain. However, without evidence on constituent performance or fund flows, it is not possible to infer which sectors drove the gains.

Sources: [2] [1]

Hang Seng and Shanghai Composite move in different directions

Comparing each index’s closing records for November 2 and 3, the Hang Seng Index rose 0.57%, while the Shanghai Composite fell 0.82%. The two indexes moved in different directions. Taken together with US market performance, the stock indexes covered in this edition did not all rise. Because each market’s measurement window starts and ends at different times, these results only allow a comparison of direction over their respective trading days; they cannot establish intraday co-movement.

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

HKEX’s stock futures plans concern a future launch

A summary of an official Hong Kong Exchanges and Clearing announcement previews the addition of 12 stock futures contracts. The original official post further specifies a planned date of January 18, 2027, and states that the Commission Levy will be waived for the first six months. This is a future product arrangement and cannot be described as already launched in this edition. The waiver also cannot be expanded into a claim that all fees will be waived.

Sources: [6] [8]

Related news and discussion

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    A summary of an official Hong Kong Exchanges and Clearing announcement previews the addition of 12 stock futures contracts.

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  • AI Is Changing How Semiconductor Fabs Work — and Engineers Are Moving Faster Because of It

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What to watch next

  • Whether the Nasdaq Composite’s gain remains larger than the S&P 500’s on the next completed trading day.
  • Whether the Hang Seng Index and Shanghai Composite continue to move in different directions in the next comparison of their respective closing records.
  • Whether subsequent HKEX announcements provide the list of new stock futures contracts and details of fee arrangements.

Market data

Available and approximate instrument changes; see dates, sources and quality below.
Only the first eight available or approximate records appear. Stale, missing and unlabelled records are excluded; approximate windows are labelled. Different windows do not represent directly comparable returns over one period.

Market cutoff: 2026-11-04T00:00:00Z

Market records and measurement windows used in this edition
InstrumentPriceChangeSession / window endSourceQuality
S&P 500^GSPC7568.919921875Previous: 7541.39990234375+0.36%2026-11-032026-11-02T21:00:00Z → 2026-11-03T21:00:00ZWindow: exchange_close_to_closeProvider time: 2026-11-03T14:30:00ZCollected: 2026-11-04T03:12:20ZYahoo Finance chartAvailable
Nasdaq Composite^IXIC25372.009765625Previous: 25164.310546875+0.83%2026-11-032026-11-02T21:00:00Z → 2026-11-03T21:00:00ZWindow: exchange_close_to_closeProvider time: 2026-11-03T14:30:00ZCollected: 2026-11-04T03:12:20ZYahoo Finance chartAvailable
SSE Composite000001.SS3608.097900390625Previous: 3638.031005859375-0.82%2026-11-032026-11-02T07:00:00Z → 2026-11-03T07:00:00ZWindow: exchange_close_to_closeProvider time: 2026-11-03T01:30:00ZCollected: 2026-11-04T03:12:20ZYahoo Finance chartAvailable
CSI 300000300.SS——Not providedCollected: 2026-11-04T03:12:20ZYahoo Finance chartNo reliable data
Hang Seng Index^HSI23525.970703125Previous: 23393.3203125+0.57%2026-11-032026-11-02T08:00:00Z → 2026-11-03T08:00:00ZWindow: exchange_close_to_closeProvider time: 2026-11-03T01:30:00ZCollected: 2026-11-04T03:12:20ZYahoo Finance chartAvailable
Hang Seng Tech Index^HSTECH——Not providedCollected: 2026-11-04T03:12:20ZYahoo Finance chartNo reliable data
BitcoinBTC76677.296875Previous: 78248.453125-2.01%2026-11-022026-11-02T00:00:00Z → 2026-11-03T00:00:00ZWindow: utc_calendar_day_24hProvider time: 2026-11-02T00:00:00ZCollected: 2026-11-04T03:12:20ZYahoo Finance chartStale
EthereumETH2248.88623046875Previous: 2273.05224609375-1.06%2026-11-022026-11-02T00:00:00Z → 2026-11-03T00:00:00ZWindow: utc_calendar_day_24hProvider time: 2026-11-02T00:00:00ZCollected: 2026-11-04T03:12:20ZYahoo 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
  5. AI Is Changing How Semiconductor Fabs Work — and Engineers Are Moving Faster Because of It
  6. HKEX to Introduce 12 Stock Futures Contracts
  7. Cities Worldwide Build and Scale AI Services With NVIDIA Physical and Agentic AI
  8. 港交所预告2027年1月18日增设12只股票期货

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