Hang Seng Index
Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.
The Hong Kong stock market closed above the 24,000-point level for the first time yesterday as investors speculated on an upsurge in mainland funds. A weaker yen against the US dollar also buoyed buying sentiment.
The Hang Seng Index rallied to a record high of 24,283.15 in the first 10 minutes but retreated to as low as 23,839 before closing at 24,069.17 for a gain of 183.1 points or 0.77 per cent.
The property and telecommunications sectors led the market rally.