On July 24, 2009, Hang Seng Index news showed that the stock had passed the 20,000 points mark again, before hitting a high of 25,201 on the same day. The Hang Seng price kept hitting new highs, such as another milestone in April after rising to over 28,000 points. On October 8, 2008, the Hang Seng Index stock closed at 15,431.70 points, the lowest closing value in more than two years.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Bullish sentiment is below its historical average for the sixth week in seven, and has dropped by 14.4 percentage points in just the past three weeks. Individual investor bearishness climbed to 40.9%, the highest since mid-May, from 34.6% last week, in the latest weekly survey by the American Association of Individual Investors. The survey asks investors their outlook for stocks over the next six months.
- Two weeks later, the Hang Seng Index price fell even lower to 10,676 points.
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- Data may be intentionally delayed pursuant to supplier requirements.
- On October 8, 2008, the Hang Seng Index stock closed at 15,431.70 points, the lowest closing value in more than two years.
From the dropdown that appears, click “Document Verification,” and you’ll be taken to a page like the one above. If you’ve keenly gone through the price history section above, then Hang Seng Index’s volatile history needs no introduction. Have the Hang Seng Index’s volatility in mind to ensure you make a final, well-informed trading decision.
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Two weeks later, the Hang Seng Index price fell even lower to 10,676 points. A combination of macroeconomic factors alongside tax-free advantages is expected to boost returns for investors. Light crude traded at $91.68 on Friday, while Brent traded at $95, down from their 13-month highs of $93.68 and $96.55, respectively.
- You can trade this via CFD and spread betting if you live in the UK.
- “This is the largest ever reform of the Hang Seng Index,” Dickie Wong, head of research at Kingston Securities, told the Financial Times when commenting on Hang Seng’s move to double its components.
- Thus, it offers international investors a quick peek into the health of the Hong Kong Stock market, which can be pretty hard to do if they were to evaluate individual equities.
- Subsequently, find the Hang Seng Index Live chart under the HK50 ticker and start investing.
The Hang Seng Index, often referred to as the HSI, is a widely followed stock market index that represents the performance of major companies listed on the Hong Kong Stock Exchange. The Hang Seng Index chart displays the historical price movements of the index over time. Traders and investors utilize the Hang Seng chart to analyze patterns, trends, and key support and resistance levels.
Historical Prices
Another reason is that shares of casino companies like Galaxy Entertainment have crashed, as traders react to the new Covid wave in Macau. Real gross domestic product increased 2.1% at an annualized pace in the second quarter, according to a third and final estimate the Commerce Department released Thursday. That was unchanged from the previous reading but below the Dow Jones estimate for 2.2%. Global benchmark Brent were at $97.56 a barrel earlier in the session.
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The capital’s data is seen as a leading indicator of nationwide trends. The Hang Seng Index known as the HSI contains the top large cap stocks on the Hong Kong A Random Walk Down Wall Street stock market. This is a volatile index and is one of the most followed Asian index charts. You can trade this via CFD and spread betting if you live in the UK.
“This is the largest ever reform of the Hang Seng Index,” Dickie Wong, head of research at Kingston Securities, told the Financial Times when commenting on Hang Seng’s move to double its components. price action indicators “Expect more and more Chinese companies to be included and more and more Hong Kong companies to get excluded,” he added. After installing the program, log in using the details you saved earlier.
About Hang Seng index of Hong Kong listed shares
On March 1, 2021, Hang Seng Index Company announced proposals to enhance the Index in a manner that ensures it remains an essential benchmark and representative of the Hong Kong stock market. This will mean an increase in the number of constituents, which will increase gradually from 50 to 100. By adopting this new selection, the Hang Seng Index now should be able to include less sizable companies and reach an appropriate level of representation for every industry.
Thus, let’s evaluate the Hang Seng price evolution over the years. Since its inception, the Hang Seng has become the most widely quoted indicator of the general price movements in the Hong Kong stock market. More than two stocks at the New York Stock Exchange rose for every decliner Thursday, as Wall Street tried to recoup some of September’s steep losses. Overall, 1,976 NYSE-listed stocks were higher, while 719 fell. Broadly, Hang Seng Index’s customers are regional and local, while traders or Hang Seng Index’s futures and options are global. Perhaps the index’s most “captive” customers are employees in Hong Kong who have to contribute to local MPF (Mandatory Provident Fund) retirement saving schemes.
Tokyo’s inflation rate is seen as a leading indicator of nationwide inflation trends. Overnight in the U.S., all three major indexes rallied ahead of the U.S. personal consumption expenditures price index reading due Friday. The PCE reading is the Federal Reserve’s Money management forex preferred inflation metric. That said, it’s generally a popular investment, considering all of Hang Seng Index’s positive aspects. Mainly, it offers a diversified portfolio of 50 distinct blue-chip stocks, which allows you to limit your exposure risk.
Looking at the Hang Seng chart, what stands out is the evident bearish trend that has pushed prices lower. At the moment, the 61.8 percent Fibonacci retracement of the April 2020 – Feb 2021 rally near 25,000 points continues to provide support. On the daily chart, the Hang Seng saw a recent bounce off of the 24,830 level. This is also expected to draw some technical buyers from the Fibonacci 61.8 percent retracement level. With the MACD (Moving Average Convergence Divergence) indicator showing showcasing higher lows, it’s a sign that a downward momentum is weakening in the near term.
News Flow
Subsequently, find the Hang Seng Index Live chart under the HK50 ticker and start investing. This broker offers all MetaTrader 4’s features, competitive spreads, and non-dealer executions Follow the step-by-step instructions below to register as a ZFX customer and start investing in the Hang Seng Index. Second, the decline has also been caused by the Evergrande situation. Evergrande has a debt of over $300 billion, and its collapse is expected to negatively impact property groups, including Hang Seng Index constituents Hang Lung, Country Garden and New World.
Real Time News
Thus, it offers international investors a quick peek into the health of the Hong Kong Stock market, which can be pretty hard to do if they were to evaluate individual equities. The Hang Seng Index is a freefloat-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 50 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange. This comes as traders assess to key economic data out of Japan, including the September inflation rate for Tokyo.