Stocks in China’s technology and electric vehicle sectors shot up on Wednesday. This might be attributed to government statements released yesterday, which signalled a shift in tone and prioritisation of support and stability on the part of the government for China’s domestic firms.
Hong Kong 50 index futures CFD, based on the Hang Seng Index (HSI) futures, tracks the daily price changes of the largest companies listed on the Stock Exchange of Hong Kong (SEHK). The SEHK is one of the largest and most important stock markets in Asia.
Hang Seng Index is a capitalisation-weighted index, as a result, shares of large-size companies with high valuations have a greater effect on the index than those of small-size companies.
The price of the Hong Kong 50 futures contract can be influenced by a number of factors relating to Hong Kong’s economic stability - ranging from its GDP growth rate and government revenues, to changes in interest, inflation and unemployment rates. Furthermore, macroeconomic events and changes in trade agreements with countries in the region and worldwide, tend to move the Hong Kong 50 index futures.