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Usually it will create a spiked demand due to index funds buying into the added stock. Will be buying to sell

Alibaba Will Be Added to Hang Seng Family of Indexes

Hang Seng Indexes Company announced that as Alibaba 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 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.

Alibaba Will Be Added to Hang Seng Family of Indexes

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Will be buying to sell&nbsp;</p></body></html>","text":"Usually it will create a spiked demand due to index funds buying into the added stock. 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