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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

References in periodicals archive ?

China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports.

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On 321 trading days (28.9%), the Heng Seng index declined by more than 1%, as compared to 190 (17.5%) and 299 (27.3%) trading days in Shanghai and Taiwan respectively.

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Hong Kong's Heng Seng index and China's stock indexes in Shanghai and Shenzhen dropped slightly by 1.5 percent, 1.58 percent and 1.86 percent, respectively, following the interest rate hike.

China may revaluate yuan by year's end: economists

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