HONG KONG -- Hong Kong's benchmark stock index is poised to expand to 80 components by the middle of next year and ultimately include 100, in one of the biggest revamps ever of the 52-year-old gauge.
Hang Seng Indexes Co., the compiler of the index and a unit of Hang Seng Bank, said on Monday that the changes will reduce the oversized representation of financials in its main index and raise the profile of technology stocks. It also plans to cap the weighting of individual companies and fast-track inclusion of new listings.
