Alibaba Will Be Added to Hang Seng Family of Indexes

Tiger Newspress10-14

Hang Seng Indexes Company announced that as Alibaba (09988.HK) has become Southbound Stock Connect-eligible and has fulfilled the fast entry rule of the relevant indexes, BABA-W will be added to the Hang Seng Stock Connect Hong Kong Index, Hang Seng China (Hong Kong-listed) 25 Index, Hang Seng SCHK Artificial Intelligence Theme Index, Hang Seng SCHK China Technology Index, and Hang Seng SCHK New Economy Index. All changes will come into effect on 28 October 2024.

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Comments

  • lucasL
    10-14
    lucasL
    Usually it will create a spiked demand due to index funds buying into the added stock. Will be buying to sell 
  • akamomentd
    10-14
    akamomentd
    Does this entail an increase in price for BABA?
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