Hang Seng Index
The Hang Seng Index (ticker symbol: HSI, Chinese恒生 指数, HengSheng Zhǐshù ) is the leading stock index in Hong Kong, People's Republic of China. It consists of 45 companies, representing about 70 percent of the total market capitalization of the Hong Kong Stock Exchange, the Stock Exchange of Hong Kong.
The index was first published on 24 November 1969 by HSI Services Limited, whose sole owner is the Hang Seng Bank. This bank is listed as the second largest bank in Hong Kong in the area of market capitalization.
The HSI Services Limited will also bring out other indices such as the Hang Seng China AH Index, Hang Seng China Enterprises Index, Hang Seng China H -Financials Index, Hang Seng Composite Index, Hang Seng Free Float Index, Hang Seng HK MidCap Index and Hang Seng Total Return Index.
Calculation
The Hang Seng Index (HSI ) is the main stock index of the Hong Kong Stock Exchange ( HKEx ). The HSI represents 45 companies, representing about 70 percent of the total market capitalization of the stock exchange of Hong Kong. January 2, 1985, the HSI is split into four sub- indices in order to obtain a better and clearer view. The weighing was done a long time only by market capitalization. Since 11 September 2006, the free float is included in the calculation. The HSI is during the HKEx trading from 10:00 clock to 12:30 clock and 14:30 clock clock bis 16:00 local time ( 03:00 bis 05:30 clock clock to 07.30 clock bis 09:00 clock CET ) updated every second.
When choosing considering all be found on the HKEx listed public companies. To be included in the index, a company in terms of market capitalization and trading volume to 90 percent of the top ranked companies must include the HKEx. In addition, the stock value must be at least 24 months listed on the stock exchange. An exception are the corporations that are among the five top-ranked, they must have been listed only three months on the Hong Kong Stock Exchange. Today's match is between six and 15 meet six months, and in the stands 16 to 20 twelve months. At the positions 21 to 25, however, 18 months are required and in the squares below 25 is 24 months. The composition is reviewed by the HSI Services Limited quarterly.
The Hang Seng Index is calculated using the following formula:
History
20th century
The Hang Seng Index (HSI ) was published on November 24, 1969 Sponsored by the HSI Services Limited, a subsidiary of Hang Seng Bank, and until July 31, 1964 ( underlying = 100) calculated back.
On 31 August 1967, the Hong Kong benchmark index marked 58.61 points an all time low. A milestone in the development was February 2, 1973, when the index closed at 1098.86 points for the first time over the 1,000 -point mark. Until 9 March 1973, the HSI rose to a record high of 1774.96 points. During the oil crisis of 1973 and the global recession of 1974, the index experienced the largest fall in its history. Until 10 December 1974, the HSI fell to a low of 150.11 points. This was a decline from March 1973 to 91.5 per cent. On 12 June 1981, the index closed at 1780.55 points back over his record on 9 March 1973.
On Monday, October 19, 1987, ended the HSI to trade at 3362.39 points. A few hours later, in the U.S., the Black Monday occurred. The Dow Jones Industrial Average fell by 22.6 percent. The Hong Kong Stock Exchange remained closed for the whole week. On Monday, October 26, 1987, suffered the Hang Seng Index with 33.33 percent, the highest daily loss in its history. He ended the day at 2241.69 points. The stock market crash spread quickly to all major international trading centers. Until 9 December 1987, the exchange rates in Hong Kong were down by 41.0 percent. The HSI ended that day trading at 1984.98 points. Three years after the " Black Monday ", on 4 July 1990, the index closed at 3363.49 points again its level before the stock market crash.
In the following years the HSI highlighted numerous record highs. On March 11, 1992, the index closed at 5005.96 points for the first time above the 5,000 -point mark on 10 December 1993 with 10228.11 points for the first time above the limit of 10,000 points. On 20 June 1997, the HSI side's closing at 15154.36 points, the mark of 15,000 points. Until August 7, 1997, he rose to 16673.27 points. On 29 October 1997, the Hang Seng Index gained 18.82 percent with the highest daily gain in its history.
During the Asian financial crisis of the HSI fell by 13 August 1998 to 6660.42 points. That was in August 1997, a decrease of 60.1 percent. From the summer of 1998, the index began to rise again. On 28 March 2000 he ended the day at 18292.86 points. The gain since August 1998 was 174.7 percent.
21st Century
After the bursting of the speculative bubble in the technology sector ( dotcom bubble ) of the Hong Kong benchmark index fell to a low of 8409.01 points to 25 April 2003. That was a decline since March 2000 by 54.0 percent. The April 25, 2003 marked the end of the descent. As of spring 2003, the index was back on the way up.
On 28 December 2006, the HSI closed at 20001.91 points for the first time surpassed the mark of 20,000 points and on 19 September 2007 with 25554.64 points for the first time above the 25,000 -point mark. The limit of 30,000 points overcame the index on 26 October 2007 for the first time when he finished trading with 30405.22 points. On 30 October 2007, the Hang Seng Index with a closing level of 31638.22 points an all time high. That was in April 2003, an increase of 276.2 percent.
In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the HSI began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. On 5 September 2008, the index closed at 19933.27 points below the limit of 20,000 points. A new low was achieved by the Hang Seng Index on 27 October 2008, when he finished trading with 11015.84 points. This represents a decline since October 30, 2007 by 65.2 percent.
The October 27, 2008 marked the turning point of the descent. From the autumn of 2008, the index was back on the way up. Until November 8, 2010, it rose by 126.6 percent to a closing level of 24964.37 points. The euro crisis from 2010 and the slowdown of the global economy in 2011 led to a fall in the Hong Kong benchmark index. On 4 October 2011, the Hang Seng Index ended the day at 16250.27 points. The loss since its peak on November 8, 2010 amounted to 34.9 percent.
The announcement of new bond purchase programs of the European Central Bank, the U.S. Federal Reserve and the Bank of Japan led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the global economic slowdown and the position of the company. On January 3, 2013, the index closed at 23398.60 points, up by 44.0 per cent as on October 4, 2011.
Highs
The overview shows the all-time highs of the Hang Seng Index.
Milestones
The table shows the milestones in the back to 1964 calculated Hang Seng Index.
The best days
The table shows the best days of back-calculated to 1964 Hang Seng Index.
The worst day
The table shows the worst days of back-calculated to 1964 Hang Seng Index.
Annual development
The table shows the development of the back-calculated to 1964 Hang Seng Index.
Composition
The Hang Seng Index is composed of the following companies (as of 28 February 2011).