Hong Kong’s Hang Seng Tech Index to Expand to 50 Stocks

Hang Seng Indexes Co. Ltd. will expand the Hang Seng Tech Index from 30 stocks to 50, effective Dec. 7, broadening its coverage of technology sectors. The 50-stock list will be announced Nov. 20.

The overhaul comes as the index has fallen 24% this year. The gauge, tracked by about $37.1 billion in assets as of September, has faced criticism for insufficient exposure to “hard tech” sectors.