Hang Seng Index


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Hang Seng index

The major index in Hong Kong.

Hang Seng Index

An index tracking several dozen publicly-traded companies listed on the Hong Kong Stock Exchange, weighted for market capitalization. Started in 1969, Hang Seng includes approximately 70% of the capitalization of the Hong Kong Stock Exchange. It is considered to be an indicator of health in the wider market.

Hang Seng Index

A market-weighted index of 33 stocks making up approximately 70% of the market value of all stocks traded on the Stock Exchange of Hong Kong. HSI Services Limited, a subsidiary of Hang Seng Bank, calculates the index. The firm also calculates several other indexes including an Asian index, a mid-cap index, and an index for companies traded in Hong Kong and headquartered in mainland China.
References in periodicals archive ?
CITIC Limited (Stock Code: 267) Hong Kong Index Constituents (Hang Seng Index) Category
The HKMA confused many market players and accumulated an embarrassingly large portion of the Hang Seng Index. This was hardly in line with free-market principles.
Even after falling 11.02% yesterday on profit taking, CyberWork's market capitalization is now $36.45bn, giving it a market value exceeding 17 of the 33 members of the Hang Seng index. CyberWork's stock price surge has filtered through to companies with related business, particularly ISP, China Online, in which it holds a stake.
In terms of ROE, Hang Seng Index companies reported peak profitability in 1995 with an aggregate 20.4 per cent.
The blue-chip Hang Seng Index rose 186.26 points, or 1.59 per cent, on April 9 to 11,914.10, its highest close since October 21, 1997, when the index closed at 12,403.10.
In Asian markets, Japan's Nikkei Stock Average fell 1.11%, Hong Kong's Hang Seng Index fell 2.1%, China's Shanghai Composite Index slipped 0.63% and India's BSE Sensex fell 1.66%.
- Inclusion in the Hang Seng Index as one of fifty constituent stocks
The addition will complete the rollout of HKEXs eight major stock index products Hang Seng Index (HSI) futures and options, Mini-HSI futures and options, HSCEI futures and options and Mini-HSCEI futures and options in AHT.
Hong Kong's Hang Seng index dropped 2.2 percent to 27,714.38 and the Kospi in South Korea shed 1.6 percent to 2,270.20.
The Hang Seng Index sank on Monday for the first time this year as a record-breaking 14-day surge came to an end on profit-taking.
The benchmark Hang Seng Index traded between 22,913.6 and 23,100.66.