HONG KONG: One of the biggest-ever revamps for Hong Kong’s benchmark Hang Seng Index will benefit the likes of Alibaba Group Holding Ltd and Xiaomi Corp while some current heavyweights could face selling pressure, according to analysts and fund managers.
The wide-ranging overhauls to the gauge include increasing the number of constituents to 80 and limiting a stock’s weighting to 8%, Hang Seng Indexes Co said in a statement.
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