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Hang Seng Index
Hang Seng Index (hæŋ sɛŋ) n (Stock Exchange) an index of share prices based on an average of 33 stocks quoted on the Hong Kong Stock Exchange[name of a Hong Kong bank]TranslationsHang Seng Index
Hang Seng indexThe major index in Hong Kong.Hang Seng IndexAn index tracking several dozen publicly-traded companies listed on the Hong Kong Stock Exchange, weighted for market capitalization. Started in 1969, Hang Seng includes approximately 70% of the capitalization of the Hong Kong Stock Exchange. It is considered to be an indicator of health in the wider market.Hang Seng Index 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.AcronymsSeeHSI |