The Hang Seng Index
The Asia-Pacific region has given us the newest financial center, Hong Kong. It has become a key trading hub, with investors frequenting the area in increasing numbers. They all have one goal, and that is to take part in the Hang Seng Index (HSI).
Founded and created by renowned Hong Kong banker Stanley Kwan, HSI began its trading on November 24, 1969. Currently, it is maintained by Hang Seng Indexes Company Limited, a subsidiary of Hang Seng Bank, which is, in turn, listed with the largest market capitalization to date. Despite being a publicly-traded company, the majority of stocks are held by the British financial firm HSBC.
The Hang Seng Index (HSI) is the main indicator of the overall performance of the Hong Kong Market. The largest companies in the region are being monitored daily, basing the changes on fluctuations of the stock index value. The HSI is a free float-adjusted market, where each of its components is measured according to the total market value of their outstanding shares. Around 49 constituents stocks comprising the Hang Seng Index, representing about 60% capitalization of the Hong Kong Stock Exchange.
Different sectors are well-represented, proving that the HSI is a global force when it comes to a business exchange. It also provides a wider opportunity to partake in Binary Options trading, with the following industries covered, namely:
•Commerce and Industry
How to Trade with Hang Seng in Binary Options
1)The initial step involves selecting the Commodities from the Indices tab. From there you can choose Hang Seng as the asset you are interested to trade on.
2)Identify the price to which the asset will increase (CALL option) or decrease (PUT option). Assign an expiry time that you predict the value of the underlying asset will close at.
3)Employ effective trading strategies by consulting news releases on the stock market from reputable resources. Once you have the basic understanding of a sound financial plan, it will not be long before you reap a sizeable monetary gain.
•The Hang Seng Index trading hours opens and closes at these hours:
10:00 AM – 12:30 PMand from 2:30 PM – 4:00 PM (Hong Kong time)
5:00 PM to 7:30 PM and from 9:30 PM to 11:00 PM (GMT)
(Summer: 10:00PM – 12:30 AM and from 2:30 AM – 4:00 AM New York/EDT)
(Winter: 9:00 PM – 11:30 PM and from 1:30 AM – 3:00 AM New York/EST)