DAX Analysis and Trading with Adam Milton



Hong Kong Stock Exchange

Trading Floor at the Hong Kong Stock Exchange

Hang Seng Stock Index

The Hang Seng is Hong Kong's premier stock index. The Hang Seng is provided by Hong Kong Exchanges and Clearing in Hong Kong, and includes the forty-five largest (in terms of liquidity and capitalisation) companies that are traded on the Hong Kong stock exchange. The Hang Seng is calculated in real time from 10:00 AM to 12:30 PM and 2:30 PM to 4:15 PM Hong Kong Time, using the prices of the forty-two individual stocks from the Hong Kong stock exchange.


Performance

Over the past ten years, the Hang Seng stock index has reached a low of 6660 (August 13th 1998) and an all time high of 31638 (October 30th 2007).

                              HSI Chart

The Hang Seng stock index has an average daily turnover of
HKD72 billion, and the Hang Seng futures market has an average daily volume of 89000 contracts.


Derivatives

The Hang Seng futures and options markets are the main Hang Seng derivatives, and these are traded on the Hong Kong Exchanges and Clearing electronic exchange from 10:00 AM to 12:30 PM and 2:30 PM to 4:15 PM Hong Kong Time. The Hang Seng futures market is the most actively traded Hang Seng derivative, and is one of the preferred markets of Asian and European professional traders.


Contract Specifications

The contract specifications for the Hang Seng futures market (HSI) are as follows:
Symbol
Expiration
Exchange
Contract Value
Tick Size
Tick Value
HSI
Penultimate trading day of every month
HKFE (Hong Kong Futures Exchange)
HKD50 (approximately €5)
1
HKD50 (approximately €5)

   HSI


    
Hong Kong Exchanges and Clearing


Constituents

As of March 2011, the Hang Seng stock index includes the following forty-five companies:

HSBC Holdings
Hang Seng Bank
Bank of East Asia
HKEx
China Construction Bank
Ind. and Com. Bank of China
Ping An Insurance
BOC Hong Kong
China Life
Bank of Communications
Bank of China
CLP Holdings
Hong Kong and China Gas
Hong Kong Electric Holdings
China Resources Power
Cheung Kong
Henderson Land Development
Sun Hung Kai Properties
Sino Land
Hang Lung Properties
China Overseas Land
China Resources Land
Wharf
Hutchison Whampoa
New World Development
Swire Pacific
MTR Corporation
China Merchants Holdings
CITIC Pacific
China Resources Enterprise
Cathay Pacific Airways
Esprit Holdings
Sinopec
Li & Fung
Tencent Holdings
China Unicom
PetroChina
CNOOC
China Mobile
China Shenhua Energy
COSCO Pacific
Belle 
International
China Coal Energy
Foxconn International
Aluminum Corporation

© Copyright 2011 Adam Milton