IG Japan to extend trading hours for “Hong Kong HS Tech Stock 30” index instruments
IG Securities, the Japanese subsidiary of electronic trading major IG Group, has published a notice of extension of trading hours (24 hours) for stocks related to “Hong Kong HS Tech Stock 30”.
From April 26, 2022 (Tuesday), the trading hours of the “Hong Kong HS Tech Stock 30” stock index CFD and the knockout option stocks that IG is offering will be extended to 24 hours in principle.
In addition to this, clients of IG Japan can trade many brands such as “Wall Street”, “Hong Kong HS50”, “Japan 225” 24 hours a day. Traders can take advantage of trading opportunities after hours.
As a tracker of several stocks, a stock index itself does not have any inherent value. Instead, an index will move in points and reflect the stock prices of all of its underlying assets. Some stock indices will give equal weight to all the stocks they contain, whereas some will give larger prominence to larger stocks.
To trade a stock index, traders have to either use a tracking fund or a derivative like a CFD, future or ETF. These products all offer different methods of trading on the price movements of stock indices without having to by multiple stocks at once.
Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes.