AI technology is generating revenue for China at a quicker pace than initially anticipated
The Hang Seng Index, a key stock market index that measures the stock market performance in Hong Kong, reached a new yearly high on Wednesday. The index surged 1.8 percent, propelling it to 27,040 points – just shy of the 27,000-point mark. This surge marks a significant gain for the Hang Seng Index since the start of the year. In fact, the index has seen a total increase of over 18 percent, indicating a robust performance in the Hong Kong stock market. As a tech-heavy index, the Hang Seng Index is heavily influenced by the performance of technology stocks. Major companies like Tencent Holdings, HSBC Holdings, Alibaba Group, Baidu, Semiconductor Manufacturing International, and JD.com are among its most important shareholders. Notably, Tencent and Alibaba have the highest weight in the Hang Seng Tech Index, a key component of the overall Hang Seng Index. Despite its recent gains, the Hang Seng Index remains attractively valued compared to its historical average. This undervalued status suggests that the index still offers potential for further growth. Located in Hong Kong, a major financial hub in Asia, the Hang Seng Index is accessible to subscribers of DER AKTIONÄR, with a monthly subscription cost of 9.95 €. In conclusion, the Hang Seng Index's new yearly high and significant gains since the start of the year are a testament to the strength of the Hong Kong stock market. Despite its recent surge, the index's undervalued status indicates that it may continue to grow, making it an attractive investment opportunity for those interested in the Asian market.
