Hang Seng Tech Index closing at +1.98% higher

Courtesy of AAStocks

Following last night's positive gain in Nasdaq, HSTI has again closed positive for today with a gain of 144.14 points (+1.98%). 

Looking at the top performers for today, HENGTEN was the big winner with a big up move of +15.546% and following that is MEITUAN at +8.674%. There were 7 stocks that were in the red for today with SMIC dropping -2.556%. The overall sentiment for HSTI still looks positive and we are still waiting to see when the ETF fund will be created. 

Courtesy of AAStocks

While Tencent and Sunny Optical are included in the benchmark Hang Seng Index, Alibaba, Meituan and Xiaomi, are not, which means most ETFs that track the main index are yet to cover these behemoths.

Source: https://www.scmp.com/business/banking-finance/article/3094735/fund-managers-expect-etfs-tracking-hang-seng-tech-index

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