Hang Seng Index Company announced the launch of the Hang Seng Hong Kong Stock Connect free cash flow index, which calculates and publishes in real time every two seconds. The index will undergo a semi-annual review in the second and fourth quarters of each year according to the review and adjustment schedule of the Hang Seng Index series. The latest changes in constituent stocks will take effect after the market closes on March 7, and will be effective from March 10.
The latest 50 constituent stocks include PetroChina (00857.HK), CNOOC (00883.HK), China Shenhua Energy (01088.HK), China Coal Energy (01898.HK), Yankuang Energy (01171.HK), Shougang Resources (00639.HK), Yancoal Australia (03668.HK), Mongol Mining (00975.HK), BYD (001211.HK), Li Auto (02015.HK), Cathay Pacific Air (00293.HK), Haier Smarthome (06690.HK), Yum China (09987.HK), Bosideng (03998.HK), Yue Yuen Industrial (00551.HK), Samsonite (01910.HK), YADEA (01585.HK), CHINA EDU GROUP (00839.HK), FU SHOU YUAN (01448.HK), China Mobile (00941.HK), China Telecom (00728.HK), China Unicom (00762.HK), PCCW (00008.HK), WH GROUP (00288.HK), CHINA FEIHE (06186.HK), WANT WANT CHINA (0151.HK), YIHAI INTL (01579.HK), Aluminum Corporation Of China (02600.HK), MMG (01208.HK), CHINFMINING (01258.HK), SINOPHARM (01099.HK), CSPC PHARMA (01093.HK), China National Pharmaceutical Group (01177.HK), CMS (00867.HK), CKH HOLDINGS (00001.HK), Swire A (00019.HK), LENOVO GROUP (00992.HK), HUA HONG SEMI (01347.HK), ASMPT (00522.HK), Sunny Optical Technology (02382.HK), SITC (01308.HK), Midea Group Co., Ltd (00300.HK), VTECH HOLDINGS (00303.HK), STELLA HOLDINGS (01836.HK), BUD APAC (01876.HK), AUTOSTREETS Development (02443.HK), SOTU Technology (02498.HK), Tianqi Lithium Corporation (09696.HK), JIUMAOJIU (09922.HK), and PACIFIC BASIN (02343.HK).
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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