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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Hong Kong's stock market launched a new index on Monday tracking China's tech giants as they become increasingly dominant players on the city's exchange. The Hang Seng Tech Index tracks the top 30 tech firms listed in the city -- including Alibaba, JD.com, Tencent, Xiaomi and Meituan Dianping. Hong Kong has become an increasingly attractive place for Chinese tech companies to list, especially as they face greater scrutiny and restrictions in the United States. Many have sought primary and secondary listings closer to home as the US-China trade war intensifies and Washington threatens to curtail access to US capital markets. Earlier this month e-commerce giant Alibaba announced plans for a dual listing of its affiliate financial arm Ant Group in Hong Kong and Shanghai. Analysts say it could be the world's second-biggest IPO after that of Saudi Arabian oil giant Aramco last year. Helped by mainland inflows, tech stocks have hugely outperformed the Hong Kong bourse, which is down 12 percent this year. Tracking the new index since January would have meant a 47 percent return for investors, according to Bloomberg. "With overseas-listed Chinese firms deciding to list closer-to-home, the Hong Kong market falls short in terms of having a representative index for these stocks," Castor Pang, head of research at Core Pacific-Yamaichi International Hong Kong, told Bloomberg. "This new index serves to fill this gap and drive capital flows." Hong Kong is in the midst of a deep recession initially caused by the trade war and months of political unrest in the city last year. The coronavirus has compounded the city's economic woes and a recent "third wave" has sent local infections soaring over the last month, ushering in painful new social distancing measures. jta/leg/fox
schema:headline	Stock index for tech giants debuts in Hong Kong
schema:mentions	Alibaba Group Fox E-commerce Initial public offering Trade war Bloomberg L.P. Xiaomi Saudi Aramco Saudis Stock market Recession University of Washington Social distancing Hong Kong Saudi Arabia City United States China Coronavirus Beaver Drive Capital Meituan-Dianping JD.com China–United States trade war Tencent Financial crisis of 2007–2008 Jewish Telegraphic Agency Shanghai Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	77 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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