In the Spotlight: Hang Seng Tech Index
15 March 2021
- Hang Seng Tech Index had another sell-off day, dropping 2.27% to 8264.42. It failed to close above the 100d EMA level over the past seven trading days.
Big Tech continues to bleed: Tencent (700 HK) -3.69%, Alibaba (9988 HK) -2.04%, Meituan (3690 HK) -4.86%, JD (9618 HK) -6.23%
Product to Trade: the Hang Seng TECH Index Futures
The Hang Seng TECH Index Futures were launched on 23 November 2020, and are the first exchange-traded derivatives contracts to track the index, complementing HKEX’s flagship Hang Seng Index and Hang Seng China Enterprise Index products.