2023-12-18-新华汇富金融-汇富快讯_香港及中国市场日报_7页_500kb

Morning Snapshot: Hong Kong & China Market Daily (19 December 2023)

China & Hong Kong Indices

• Hang Seng Index (HSI): Closed at 16,629, down 1.0%, YTD -15.9%
• Hang Seng China Enterprises Index (HSCEI): Closed at 5,634, down 1.2%, YTD -16.0%
• Shanghai Composite (A/B Shares): A-share index down 0.4%, B-share down 0.5%, both with significant negative YTD performance
• CSI 300: Closed at 3,329, down 0.4%, YTD -14.0%

Key Events & Analysis

• Shipping Cost Impacts: Major container shipping companies (CMA CGM, Maersk, MSC etc.) suspended Red Sea transit following attacks by Houthi rebels. This may increase shipping costs by up to 15.5% due to route changes (Bab el-Mandeb to Cape of Good Hope), delaying delivery times.

Market Views

• Reduced confidence in global trade, with shipping market volatility expected until February next year despite peak periods.
• Shipping stocks (Evergreen, MSC) surged alongside China A Market providing short-term gains.

Commodities Summary

• Gold: Rallied 0.4%, YTD +11.1%
• Crude Oil: Down 19.4%, YTD +26.4%
• Copper: Down 0.8%, YTD +1.3%

Currencies Trends

• HKD/USD: 0.916
• EUR/USD: 1.092 (down -0.1% YoD)
• CNY/USD: 7.131 (+0.3% YoD)