Hang Seng Index Overview: HS50 Price, Futures, News

It is tough to determine the bottom for this ETF as it lacks historical trend to back up. NCDs are loan-linked securities issued by a company and cannot be converted into stocks and usually carry a higher interest rate than a convertible debenture. Tracking the momentum, the index is expected to reclaim its crucial psychological support level of 7,950. “Trend in investment activity of FIIs and movement in global markets will determine the near term trend on the domestic bourses.” Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological level of 8,600 levels.

The KraneShares Hong Kong Tech ETF tracks 30 high-tech stocks in the Hang Seng Composite. The index uses a free-float market capitalization weighting scheme with a 10% cap on any one component’s index weight. Market Cap is based on data from the World Federation of Exchanges and was last updated on Sunday, April 2, 2023. This means it is a parent entity that operates one or more subsidiary markets or trading platforms, which are called “Segment MICs.” Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.

• The blue-chip CSI300 index clawed back from losses to end up 0.2%, but was still down about 6.5% for the week.
• The current price is updated on an hourly basis with today’s latest value.
• The Hang Seng HK 35 is a sub-index of just the top 35 Hong-Kong based companies that also generate most of their revenues outside of mainland China.
• The index uses a free float market capitalisation weighting scheme with a 10 per cent cap on any one component’s index weight.

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This coverage ratio compares favorably with major overseas stock indices. By Ambar Warrick Investing.com — Most Asian stock markets traded in a flat-to-low range on Wednesday amid growing caution ahead of key U.S. inflation data, with Hong Kong’s Hang Seng… TradingHours.com is trusted by world-leading financial institutions, investors, hedge funds, and fintech companies. All of our data is rigorously researched and verified by our team. We have full coverage of over 964 unique markets and trading venues including global equity markets, bonds, forex, and derivative markets including CME, CBOE, COMEX, ICE, NYMEX, EUREX, and more.

In 2018, the Hangsang stock market Index plummeted due to investor concern over the slow pace of trade talks between the two countries. Also, in 2021 the Hang Seng index temporarily delisted two telecom stocks due to perceived links with the Chinese military. Bottom fishing HSTECHIt is tough to determine the bottom for this ETF as it lacks historical trend to back up. Using the heaviest weightage component of this ETF to benchmark , Tencent appears to have reach a double bottom. Of course, we won’t know how long this bottoming process will last, weeks, months or years…..

Amazon helps stocks steady but prospects for rate hikes loom over markets

The blue-chip CSI300 index clawed back from losses to end up 0.2%, but was still down about 6.5% for the week. The nearly $1 trillion selloff ignited by Beijing’s shock ban on profits at tutoring companies has triggered a new round of soul searching about the investment case for Chinese assets in the Xi Jinping era. American depositary receipts for tech giants have racked up losses with Tencent Holdings Ltd., Alibaba Group Holding Ltd., and Nio Inc., erasing more than 9% each this week. The declines have sent the Nasdaq Golden Dragon China Index to lose nearly 8% of its value, wrapping up two months of declines. MSCI’s gauge of Asia Pacific stocks outside Japan slipped 0.25%, while Japan’s Nikkei 225 fell more than 0.3% in the morning session. China Evergrande Group plunged nearly 12% to its lowest in more than six years, after it warned of a risk of cross-default as real estate sales continued to plunge.

Tracking the momentum, the index is expected to reclaim its crucial psychological level of 8150 in trade today. Tracking the momentum, the Nifty index is expected to retest its crucial psychological level of 7900 in trade today. Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological support level of 7850 in trade today. Tracking the momentum, the Nifty index is expected to retest its crucial psychological level of 7,800 in trade today. Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological level of 7900 in trade today. Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological level of 8,450 in trade today.

Interactive daily chart of the Hong Kong Hang Seng Composite stock market index back to 1986. Each data point represents the closing value for that trading day and is denominated in hong kong dollars . The current price is updated on an hourly basis with today’s latest value. The current price of the Hang Seng Composite Index as of April 14, 2023 is 20,438.81. The representativeness of the HSI can be studied by the turnover of the whole stock market and by how much its market capitalisation covers. The aggregate market value of the HSI constituent stocks is maintained at approximately 60% of the total market value.

Pre-market: Nifty seen opening lower; RIL eyed ahead of results

Two large Chinese companies, China Unicom Hong Kong Ltd. and China Mobile Ltd are dominating the sector. Information Technology – This is another sector that has emerged on the index since the handover in 1997. This sector is made up of two gigantic Chinese companies that combine to make this sector 7% of the overall index. Properties and Construction – This sector has been more volatile. At the time of the handover, this sector accounted for 27% of the index.

After falling to 11 percent in 2011, this sector has bounded back to comprise about 20% of the index’s weighting. The influence of mainland China can be seen in the composition of the prominent sectors of the Hang Seng index since 1997. $HSTECH Bearish Engulfing day followed by Island ReversalHSI Tech reversal $BABA showed weakness last week and again led to the complex reversal.

The index targets 60 stocks, but the exact number of constituents can vary slightly at any given time. As of April 2022, there were, in fact, 66 stocks in the index. All holiday data is collected exclusively from primary sources. We continually monitory the market for changes to ensure the highest level of accuracy. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.

Asian shares advance after Wall Street rally

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On Monday morning in Asia, the yen briefly popped to 145-levels. “Since the meeting is mostly about personnel changes, the economic recovery might not come as soon as we have hoped,” Tai told CNBC in an email. Tai Hui, JPMorgan Asset Management’s APAC chief market strategist, said a combination of factors has been driving the Hong Kong market recently, including higher U.S. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper.

Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Ii) A company will be classified into different sectors according to its majority source of sales revenue. The Asia/Hong_Kong timezone does not observe Daylight Saving Time. Each segment may have a different trading calendar and hours of operation. Additionally within a single segment MIC there can be different trading schedules for certain products, securities, or asset types.

The decision is another setback for Beijing-based Xiaomi to attract local investors. A raft of manufacturing data in emerging Asia this week pointed to a slower pace of economic recovery. The result of the first review will be released after the market close in Hong Kong today. The Shanghai Composite Index gained 0.89 percent, or 29.60 points, to 3,349.75, while the Shenzhen Composite Index on China’s second exchange put on 1.32 percent, or 28.66 points, to 2,192.67.

Pre-market: Nifty seen opening lower; may retest support at 8290

Tracking the momentum, the Nifty index is expected to retest its crucial support level of 8,420 in trade today. Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological level of 8,150 levels. S&P 500 futures fell 1.2% and Nasdaq 100 futures fell 1.4%. FTSE futures, DAX futures and EuroSTOXX 50 futures all fell by just over 1%. The U.S. dollar rose to a seven-week high against the yen.

Below you will find an interactive chart of the Hang Seng Index. Asian markets were gaining ground on Wednesday as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron variant cases around the world. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, after U.S. stocks ended the previous session with gains. Asian share markets rose on Wednesday on a rebound in battered Chinese stocks and ahead of a closely watched meeting of the U.S.

As of 2021, it was tied for the most wehttps://forex-world.net/ht on the index at 20%. Prior to Hong Kong’s handover to mainland China from the British, the index featured very few mainland Chinese companies. However, since 1997, Hong Kong is a “special administrative region” of China. In this article, we’ll take a closer look at the Hang Seng Index with particular emphasis on how the index has evolved as mainland Chinese companies have become a major part of the index. China shares were mixed at the open, with the Shanghai Composite Index up 0.1% while Hong Kong’s Hang Seng Index lost 0.02%.

Tracking the momentum, the index is expected to retest its crucial psychological support level of 8000 in trade today. Tracking the momentum, the index is expected to retest its crucial psychological support level of 8,100 in trade today. Tracking the momentum, the Nifty index is expected to reclaim its crucial psychological level of 8,100 in trade today. Tracking the momentum, the Nifty index is expected to retest its crucial psychological level of 8100 in trade today.

Keep up-to-date with operational status of our key platforms in Hong Kong, and find quick links to HKEX’s market trading hours and trading calendar. HKEXnews View the latest announcements, disclosure and information on our listed companies. American investors cannot invest directly in any of the many Hang Seng index funds but can find some U.S. Conglomerates – Along with industrials and telecommunications this is the smallest of all the sectors carrying just 4% of the index’s weighting. Telecommunications – This is another sector that had diminished in its influence on the sector. In 1999, the sector’s weighting was up to 26% but it has dropped to approximately 4%.