The HONGKONG50 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.
HSI was started on November 24, 1969. When the Hang Seng Index was first published, its base of 100 points, Hang Seng passed the 10,000 point milestone for the first time in its history on December 10, 1993 and, 13 years later, passed the 20,000 point milestone on December 28, 2006. In less than 10 months, it passed the 30,000 point milestone on October 18, 2007. Its all-time high, set on October 30, 2007, was 31,958.41 points during trading and 31,638.22 points at closing
There are four sub indices in the Hang Seng to make the index clearer and to classify constituent stocks into four distinct sectors. They are: Finance, Utilities, Properties and Commerce & Industry.
The stock market and Indexes of all countries are influenced by many factors simultaneously. There is not one single factor that makes the stock market rise or fall. Rather, a large number of factors come together to shape the overall investment environment and cause the stock market to shift. If you are trading Indices you must understand all of the factors that influence the stock market in order to be able to forecast the future of the stock market.
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