• Wed
  • Apr 16, 2014
  • Updated: 11:07pm

Hang Seng Freefloat Index

Rate cut hurts the banking sector

Hong Kong and mainland stock markets fell yesterday, undermined by banking stocks which lost ground in response to the news that the People's Bank of China had cut rates for the first time since 2008.

Saturday, 9 June, 2012, 12:00am

Euro-zone worries trigger sell-off

The Hang Seng Index saw its steepest fall this year, losing 549.35 points, or 2.61 per cent, yesterday to close at 20,536.65 amid the resurgence of uncertainty in the euro zone.

Hong Kong was the second-worst performing stock market in Asia after Japan, where the Nikkei-225 Index fell 2.78 per cent.

8 May 2012 - 12:00am

Key index slides for fourth day

The Hang Seng Index saw its fourth straight day of losses yesterday, led by yet another steep drop for the beleaguered Sun Hung Kai Properties.

The key index slid 0.16 per cent to 20522.26 while Sun Hung Kai Properties fell 2.18 per cent to close at HK$94.4, topping the mainboard in terms of turnover.

3 Apr 2012 - 12:00am

Hang Seng eyes new index to track smaller ripples

Hang Seng Indexes will launch an alternative version of its benchmark index in the middle of the year to reflect more closely how smaller players are affecting the stock market.

16 Mar 2012 - 12:00am

Lenovo joins Hang Seng Index series

Mainland computer giant Lenovo Group has been selected as a constituent stock of the Hang Seng Corporate Sustainability Index Series - the first index of its kind to focus exclusively on Hong Kong and the mainland. Lenovo joins a group of 30 charter companies in the index, which will be launched by Hang Seng Indexes Co on July 26.

16 Jul 2010 - 12:00am

System 'resilient' despite trading disruption

Hang Seng Indexes, which manages the Hang Seng group of indices, said the technical glitch in its system which disrupted trading late last month was caused by an unusual sequence of events.

Updating of major indices for half an hour on January 22 was disrupted by the glitch and the group said it was carrying out a study to identify possible areas for improvement.

13 Feb 2010 - 12:00am

Service, sure hands set Hang Seng apart

When Hang Seng Bank opened for business on Wing Lok Street in Sheung Wan on March 3, 1933, it was just an 800 square foot shop with 11 employees who used abacuses to do the accounts and conducted simple gold trading and money exchanges.

14 Apr 2008 - 12:00am

Hang Seng looks for non-bank acquisitions to push expansion

Hang Seng Bank is eyeing stakes in insurance companies, asset management firms and brokerages as part of its strategy to diversify and expand on the mainland.

The HSBC subsidiary is looking outside the banking industry for acquisition targets, having earlier bought into two mainland lenders. It is barred from increasing such holdings under mainland regulations.

5 Mar 2008 - 12:00am

Hang Seng Index tipped to drop to 26,000 on US worries

The Hang Seng Index may fall as many as 800 points to 26,000 today, the 100-day moving average, following the slump on Wall Street on Friday due to worries the United States economy may be heading into a recession, experts say.

14 Jan 2008 - 12:00am

Retail stock punters alarmed but keep faith

Facing the biggest single-day drop in the Hong Kong market, retail investors said they were alarmed but did not panic and would seek opportunities to buy at lower prices.

'The plunge was widely expected but China's strong economy - the basic supporting factor of the market - is still there,' said part-time investor Tsang Wai-hung.

6 Nov 2007 - 12:00am