Traders are looking for fresh momentum in Hong Kong’s stock market after a boost from China’s stimulus-led rally in September. The Hang Seng Index has fallen about 17% from an October peak and closed down 1.9% on Nov 22.
The index provider said Chinese insurance company PICC Property and Casualty will be added to the Hang Seng China Enterprises Index, a gauge of mainland stocks listed in Hong Kong.
Developer Longfor Group Holdings will be removed. The changes come into effect on Dec 9.
