Hang Seng Index investment & finance definition
A
capitalization-weighted index of 33 companies
representing about 70 percent of the market capitalization of the Hong
Kong Stock Exchange. The index has 4 subindices: Commerce and Industry,
Finance, Utilities, and Properties. The index began on July 31, 1964 with a
base of 100.
See Hang Seng Index in Wall Street Words
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.
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