(VIANEWS) – HANG SENG INDEX (HSI) has been up by 17.39% for the last 21 sessions. At 21:08 EST on Tuesday, 6 December, HANG SENG INDEX (HSI) is $19,481.50.

Why is HANG SENG INDEX Index Going Up?

Almost half of the Hong Kong stock market is represented by the Hang Seng Index. This index is often used as a reference point for investors’ sentiment in the Asian capital markets.

The Hang Seng index has been in the news a lot lately, and there have been many questions about how it will perform over the coming year. The Hang Seng index is used as the basis for numerous investment instruments. But the index is also subject to volatility.

The Hang Seng index represents the performance of the largest 50 companies on the Stock Exchange of Hong Kong Limited. The index is calculated daily based on the price of these companies. It covers 65% of the market’s total capitalization. The Hang Seng index is based on a free-float market capitalization weighting scheme, which means that the weight of any one component is limited to 10%.

While the Hang Seng index is a good reference point, investors should always do their own research before making investment decisions. The Hang Seng index is often underperformed in comparison to other global markets.

The Hang Seng index is a very important barometer of the Chinese economy, and it is followed by investors and traders around the world. There are four sub-indexes in the Hang Seng index, based on the main lines of business of the companies that are listed on the index. The financials, utilities, tech, and real estate sectors are the main components of the Hang Seng index.

About HANG SENG INDEX’s yearly highs and lows, it’s 33.46% up from its 52-week low and 22.23% 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 1.96%, 0.75%, and 1.79%, respectively.

HANG SENG INDEX’s highest amplitude of average volatility was 2.12% (last week), 1.83% (last month), and 1.79% (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 oversold (<=20).

News about S&P 500

  • According to FXStreet on Monday, 5 December, "Encouraging headlines from China fail to provide any lift to the souring risk sentiment, as the US S&P 500 futures drop 0.36% on the day while the US Dollar Index looks to stabilize at around 104.50."
  • According to MarketWatch on Monday, 5 December, "The S&P 500 fell 0.6%, while the Dow Jones Industrial Average declined 0.7% and the Nasdaq Composite shed 0.5%. "
  • According to MarketWatch on Monday, 5 December, "The S&P 500 fell 0.6%, while the Dow Jones Industrial Average declined 0.7% and the Nasdaq Composite shed 0.5%. "

More news about HANG SENG INDEX (HSI).