Hang Seng Index Adjusts Composition with Addition of BYD Electronic
Friday, 17 May 2024, 13:00
Hang Seng Index Adjustment
The Hang Seng Index, a key benchmark in financial markets, is undergoing a significant revision. Country Garden Services will be replaced by BYD Electronic, a leading handset maker.
BYD Electronic Introduction
BYD Electronic, specializing in electronic devices such as smartphones, is set to join the index and bring about a market capitalisation increase of HK$76.15 billion (US$9.8 billion).
Significance of the Change
This adjustment signifies a shift in the composition of the index, highlighting the innovation and growth opportunities within the tech sector.
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