Best Brokers for Trading the Hang Seng Index of 2024

Written by BrokerNotes.co

March 14, 2024

Hang Seng (HSI) Index

The Hang Seng Index (HSI or HK50), follows the movements of largest and most liquid stocks listed on the Hong Kong Stock Market (HKEx). The 50 companies included represent approximately 60% of the entire Hong Kong Stock Exchange. HSI is the main indicator for determining the overall performance of the Hong Kong stock market. The index was launched on the 24th November 1969 and was backdated to 31st July 1964.

The HSI represents companies from Hong Kong and Mainland China from 11 different industries. These industries include energy, materials, industrials, consumer goods, consumer services, telecommunications, utilities, financials, properties & construction, information technology and conglomerates. The largest industry representation within the index is financials. This industry comprised 48.2% of the HSI as at June 2017.

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Which companies are listed on the HSI?

The HSI is reviewed on a quarterly basis in order to determine if the index needs to be changed or adjusted.

Companies are added or removed from the index according to their free float market capitalisation. The formula for market capitalisation involves multiplying the stock price by the number of shares outstanding. In determining market capitalisation, all shares are included. The index is comprised of A shares, B shares, H shares, Red Chip and P Chip (see notes).

Best Forex Brokers for Trading the HSI

Here are the best forex brokers for trading the HSI.

• IG - 9.9/10 Overall
• Interactive Brokers - 9.9/10 Overall
• Saxo - 9.7/10 Overall
• CMC Markets - 9.6/10 Overall
• FOREX.com - 9.4/10 Overall
• Charles Schwab - 9.3/10 Overall
• City Index - 9.3/10 Overall
• XTB - 9.1/10 Overall
• eToro - 8.8/10 Overall