Hang Seng Tech Index to Expand to 50 Stocks, Broaden Coverage
MT Newswires Live
3 hours ago
Hang Seng Indexes will expand the Hang Seng Tech Index to 50 constituents from 30 and broaden its technology coverage under revised methodology, according to consultation conclusions on Wednesday.
The revised index will remove industry requirements, expand technology sub-themes from 16 to 24, and introduce six themes, including artificial intelligence, advanced hardware, robotics and automation, cloud, and frontier technologies.
The index will use two selection streams, with 40 stocks chosen by market value and 10 by sales growth.
The changes will take effect at the Dec. 7 index rebalancing.
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