CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The Hong Kong 50, or the HS 50 index, tracks the performance of 50 most liquid stocks with large cap listed on the Stock Exchange of Hong Kong. The index is free-float, with a 10% limit on weighting for one member. The companies on the HS 50 index are divided into four sub-indices: commerce & industry, finance, properties and utilities. Launched in 1969, the index is reviewed quarterly to adjust its composition. In terms of industry allocation, the HS 50 index is dominated by financials, information technology companies and property & construction businesses.
While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.