(VIANEWS) – HANG SENG INDEX (HSI) is currently on bullish momentum. At 22:08 EST on Tuesday, 4 October, HANG SENG INDEX (HSI) is at 17,812.98, 4.29% up since the last session’s close.

Is HANG SENG INDEX Index a Good Investment?

The Hang Seng Index is an index that tracks 50 stocks. It is possible to buy and sell individual stocks in the Hang Seng index. This type of investment allows investors to evaluate individual stocks in a single trade. It can be beneficial for investors who want to make long-term investment decisions.

The Hang Seng Index is accessible to both local and international investors. It includes 50 of Hong Kong’s largest and most liquid companies. As a result, it accounts for approximately 40% of the Hong Kong Stock Exchange’s market capitalization. As a result, it mimics the performance of the overall stock market.

The price of the Hang Seng Index depends on a variety of technical and fundamental factors. In addition, the Hang Seng Index is impacted by many international influences. For example, the US-China relationship can have a significant effect on the Hang Seng. When US sentiment is negative, it can put downward pressure on the index. That’s why the Hang Seng Index plunged during the trade talks in 2018.

HANG SENG INDEX Range

Regarding HANG SENG INDEX’s daily highs and lows, it’s 5.36% up from its trailing 24 hours low of $16,907.00 and 3.25% up from its trailing 24 hours high of $17,252.10.

Concerning HANG SENG INDEX’s yearly highs and lows, it’s 5.36% up from its 52-week low and 32.1% down from its 52-week high.

Volatility

HANG SENG INDEX’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.34%, a negative 0.63%, and a positive 1.08%, respectively.

HANG SENG INDEX’s highest amplitude of average volatility was 0.56% (last week), 1.12% (last month), and 1.08% (last quarter), respectively.

Index Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, HANG SENG INDEX’s is considered to be overbought (>=80).

News about NASDAQ

  • Nasdaq 100 forecast: continues to break down – 03 October 2022. According to DailyForex on Monday, 3 October, "All things being equal, the NASDAQ 100 has much further to go to the downside, just as other indices around the world do. ", "The NASDAQ 100 has rallied a bit during the trading session on Friday but then turned around to show signs of weakness as we have broken below the 11,000 level. "
  • According to FXStreet on Monday, 3 October, "Overall, the Dow Jones lost 500 basis points, while the S&P 500 and the NASDAQ fell by 1.5% each during the session."
  • According to FXStreet on Monday, 3 October, "Overall, the Dow Jones lost 500 basis points, while the S&P 500 and the NASDAQ both fell by 1.5% during the session."

More news about HANG SENG INDEX (HSI).

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