Hong Kong Hang Seng
25,824.72 25,281.30 -543.42 -2.10%
On February 22, 2019, the Hang Seng
Indexes Company Limited announced that TTI has been included in the Hang Seng
Index as one of their fifty constituent stocks effective March 11, 2019.
The Company's inclusion in the Hang Seng
Stock Connect Hong Kong Index implies that the Company has been highly recognized by investors as well as the Hong Kong capital market with regard to a high standard of market capitalization, trading volume, and liquidity of shares.
Donald Lam, head of Commercial Banking at Hang Seng
, said, 'We are committed to providing customers with convenient, swift and comprehensive service solutions through investments in technology.
It did not surprise me that Hong Kong's Hang Seng
index surged from 28,000 to 29,000 points in two trading sessions after China's State Council promised more fiscal stimulus and the People's Bank of China made $74 billion available for fresh lending in the Chinese banking systems while regulators promised to rollback draconian curbs on the shadow banking system.
CNOOC Limited (SEHK: 00883)(NYSE: CEO)(TSX: CNU), a major national oil company in China, is becoming a component of the Hang Seng
China Enterprises Index effective March 5, 2018.
The Hang Seng
China Enterprises Index traded at 8,712.83 as of 11:52 a.m.
Moody's rating actions follow similar rating actions taken on the two banks' parents, The Hongkong and Shanghai Banking Corporation Limited (HSBC, Aa2 negative) and Hang Seng
Bank Limited (HSB, Aa2 negative), and the change of Moody's Macro Profile for China's banking system to "Moderate" from "Moderate+".
The benchmark Hang Seng
Index traded between 20,947.3 and 21,199.62.
The Hang Seng
Index closed up 0.7 percent at 23,117.47 points.
Hong Kong Index Hang Seng
is continuing to establish a growth impulse.
Today, a majority of carriers offer different index choices that range from the Russell 2000 to the Hang Seng
. Although use of the S&P 500 has declined a bit as other index choices have grown, it is still, by far, the predominant index, which is why the index returns I usually report are based solely on S&P 500-linked methodologies.