Hong Kong’s Hang Seng Index advanced 1.5% on Tuesday morning
Shares of tech and consumer names had plunged last week, weighing on the index
A fund manager foresees the index touching 40,000 points after its revamp
Potential deletions include a Chinese bank and insurance firm
Trade the Hang Seng Index, long or short, with an IG account
Hang Seng Index shares on the mend
Blue-chip benchmark Hang Seng Index (HSI), the main indicator of Hong Kong’s overall market performance, inched up on Tuesday (09 March) morning following steep losses over the past week.
HSI rose 1.5% or 438.14 points to 288,978.97 as of 11:21 SGT.
Source: Media Outreach
HONG KONG SAR – Media OutReach – 27 January 2021 – Application for The IFTA FinTech Achievement Awards 2020 (the “Awards”) has been officially kicked off now. Organised by the Institute of Financial Technologists of Asia (“IFTA”), the Awards is now running for its 3rd year to celebrate the significant achievements made worldwide in the realm of FinTech and the application opens to both individuals and institutions of different natures.
Themed “Embracing FinTech amid New Normal and Accelerating Digitization”, the Awards builds on the turbulence impacting on this world as a starting point, identifying the best practices of digitalization in this very extraordinary year for all. The rearranged award categories and judging criteria caters to ever-changing external factors so as to create a fair arena for all.
Hong Kong’s original stock market tracker yesterday said it would make no new investments in firms listed by Washington as having links to China’s military as it also recommended Americans to no longer invest in the fund.
The announcement is the latest stark illustration of how tensions between the world’s two biggest economies are causing headaches for international firms in Hong Kong, which has long served as China’s gateway to global markets.
Outgoing US President Donald Trump in November issued an order banning Americans from investing in Chinese firms deemed to be supplying or supporting the Asian giant’s military.
Yesterday, the Tracker Fund