Lates News

With Hang Seng Index Company seeking index expansion to better reflect market structure, Pop Mart is expected to be a hot candidate for inclusion in the Hang Seng Index in the upcoming quarterly review. Periscope Analytics founder Brian Freitas pointed out in a report that Pop Mart's remarkable price surge over the past year makes it a potential candidate for inclusion in the Hang Seng Index. The stock's short interest position is currently near a low level. Pop Mart's stock price has more than doubled since the beginning of this year. Several analysts also mentioned that biopharmaceutical giant BeiGene and Italian fashion brand Prada may also be included in the Hang Seng Index. The Hang Seng Index Company will announce the results of the quarterly review on Friday, and any adjustments to constituent stocks will take effect on June 9. Although the index company plans to eventually expand the number of constituent stocks to 100, the results of the review announced in February maintained the number of constituent stocks unchanged. Only one company was added last year, increasing the total number of constituent stocks to 83.