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Hang Seng Tech Index – Tracking The Rise Of Tech Stocks In The East
By Dr Wealth  •  July 22, 2020
Hong Kong’s financial markets were not anything like the protests on the streets. In fact, they have been thriving – Hong Kong Exchanges and Clearing share price has been up by 45% this year. Few days ago, Hang Seng Indexes Company (a subsidiary of Hang Seng Bank) introduced the Hang Seng Tech Index to track the technology stocks listed in Hong Kong. This seems like a timely move as Chinese companies feared they may be forced to delist from US exchanges. Alibaba, JD and NetEase have secondary listings on Stock Exchange of Hong Kong (SEHK) to hedge against this possibility. Hang Seng Tech Index is a new home to Chinese tech companies and has the potential be a NASDAQ equivalent in the east. This is a testament of tech’s increasing clout and a further proof of a digital iron curtain between US and China. Hang Seng Tech Index is made up...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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