Hang Seng Index (HSI) is the main indicator of the Hong Kong Stock Exchange, shows the weighted average movement of the 50 biggest listed share prices.
HSI was launched on 24 November, 1969, and is currently compiled and maintained by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong in terms of market capitalisation.
Company in the company: to make it more kind a “British” the biggest shareholder of Hang Seng Bank is the London based HSBC.
The US stock exchanges has influence on the global trading behaviour. We can see similar changes in the HSI what the Dow Jones made on the previous day. The biggest difference was in 2015 when the Chinese people went crazy for stock market, and thought it will make everybody rich fast and easy. In 2015 HSI record was over 30.000 points intraday. After the rally the index fell below 20k and just in 2018 January climbed back above 30k points with a record high 33154 points.
The HSI right now is above 28000 points, which is a good foundation on attacking 33k level. With a close SL it worth it to go bullish with HSI.