Hang Seng Index is an important indicator of the price of Hong Kong stock market. Calculated by the market value of several constituent stocks (namely blue chips), it represents 70% of the average market value coverage of all listed companies on the Hong Kong Stock Exchange in 12 months. The Hang Seng Index is calculated and reviewed quarterly by Hang Seng Index Company Limited, a subsidiary of Hang Seng Bank, and the adjustment of its constituent stocks is announced. The index was first released on June 24th 1969, 165438, and the base period was 65438+July 3rd1,and the base period index was set as 100.
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The factors that affect the price changes of HSI futures are as follows:
First, economic development.
Generally speaking, if the economy is growing, listed companies will get better profits and attract buying to push up the stock price. On the contrary, if the company's profit performance is not good during the recession, the stock price will naturally fall.
Hang Seng Index futures are linked to Hong Kong Hang Seng Index. At present, Hong Kong SAR is the eighth largest trading body in the world, and entrepot trade is its main economic activity, which leads Asia in finance, real estate, investment and commercial transactions. After the return of Hong Kong, the Hong Kong stock market has become a place for China enterprises to raise funds and go public. Most of the constituent stocks of the Hang Seng Index were developed in Chinese mainland. Therefore, the Hang Seng Index not only reflects the economic situation of Hong Kong, but also is influenced by the economic situation of Chinese mainland.
Second, the inflation situation.
When inflation rises, the central bank usually responds by raising interest rates and tightening monetary policy, which will increase the dispatching cost of enterprises and reduce their profits. In addition, the return of funds to the financial system will reduce the kinetic energy of the stock market, thus inhibiting the performance of the stock index. or vice versa, Dallas to the auditorium
Third, the impact of the international stock market.
Due to the rapid development of international trade and finance, the current political and economic changes in various regions will also affect the financial markets in other regions. Especially in today's international village environment, the ups and downs of the US stock market the day before often have a decisive impact on the opening of Asian stock markets, and the performance of the relative strength of sub-stocks will also affect the regional capital distribution.
Fourth, other political and economic factors.
Natural disasters, diseases or other economic factors, such as labor market conditions, import and export trade, domestic demand sales and exchange rate changes, as well as political factors, such as war and international policy.
Fifth, political factors.
The rise of Hong Kong stock market in recent years is mainly driven by the rapid economic growth of China. Therefore, China's policy changes have gradually become the dominant force that can't be ignored, and the trend of China-oriented Hong Kong stocks has become increasingly obvious. In addition, the government's fiscal measures and tariff policies will also affect the long-term trend of the stock market.