Hong Kong's new tech index up nearly 2.9% on second day of trade

The top five firms listed on the index are Alibaba, Tencent, Meituan Dianping, Xiaomi and Sunny Optical, which have a combined weight of more than 40%.

From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019.new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector.which traded up 0.34%.

"It's a really good, I think, list of constituents across multiple slices of the tech sector," said Sam Le Cornu, CEO and co-founder of Stonehorn Global Partners. Tech shares are some of the top traded stocks in Hong Kong. The new index trades at about 45 times earnings, versus the Hang Seng Composite Index's price-to-earnings ratio of 12,

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Powered by China, a Technology Benchmark Opens in Hong KongThe Hang Seng Tech Index, which includes China’s two most valuable companies, fell more than Hong Kong’s broader stock market as it sought to give investors a better read on the tech sector’s growth and relative performance. American speculants play falls each day, while they can
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