HSTECH Index Rebalance: Horizon Robotics, Tencent Music Replace East Buy, ZA Online; US$2.3bn Trade

Horizon Robotics and TME replace East Buy and Za Online. Estimated one-way turnover at the rebalance is 5.6% resulting in a round-trip trade of US$2.3bn. Horizon Robotics is an HSIII Index add too.
by Brian Freitas on ZhongAn Online P&C Insurance C in Index Rebalance

Key points:
1. As expected, Horizon Robotics (9660 HK) replaces East Buy Holding (1797 HK) in the Hang Seng TECH Index (HSTECH INDEX) in March.
2. In a surprise, Tencent Music Entertainment Group (1698 HK) will be added and ZhongAn Online P&C Insurance C (6060 HK) will be deleted.
3. Horizon Robotics (9660 HK) is also an inclusion to the HSIII Index and HSCI Index and will be added to Southbound Stock Connect in May.

Before it's here it's on Smartkarma: https://skr.ma/6Kvyb
More from Brian Freitas: https://skr.ma/fhHG5
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