Hua Hong Grace, Weichai Power to Join Hong Kong Stock Benchmark

Hang Seng Indexes Co. will add Hua Hong Grace Semiconductor Ltd. and Weichai Power Co. to Hong Kong’s equity benchmark following its quarterly review. The change is likely to create modest rebalancing flows for affected names, but no earnings, guidance, or macro read-through was provided.

Analysis

Hang Seng Indexes Co. will add Hua Hong Grace Semiconductor Ltd. and Weichai Power Co. to Hong Kong’s equity benchmark following its quarterly review. The change is likely to create modest rebalancing flows for affected names, but no earnings, guidance, or macro read-through was provided.