HKEX and S&P Dow Jones Launch Global Tech Index
The new joint benchmark combines performance data from Hong Kong-listed technology firms and large-cap U.S. stocks.
Updated on Oct. 20, 2026 in Stock Markets
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Hong Kong Exchanges and Clearing Ltd and S&P Dow Jones Indices officially launched a joint index on September 30, 2026. The new benchmark tracks Hong Kong-listed tech companies alongside large-cap U.S. equities.
Why it matters
This index aims to facilitate cross-market capital flows and enhance portfolio diversification for investors. It also supports the inclusion of exchange-traded funds in the Southbound Stock Connect program.
The S&P 500 & HKEX Tech 100 Index utilizes a weighting of 60% for the Hong Kong-based tech index and 40% for the U.S. S&P 500. The benchmark covers six specific technology themes including robotics, biotechnology, and electric vehicles.
The players
Hong Kong Exchanges and Clearing Ltd
This is a publicly traded company that operates the primary stock exchange in Hong Kong.
S&P Dow Jones Indices
This organization is a global provider of financial market indices including the S&P 500.
The details
The index operates on a rules-based framework to provide exposure to 100 large Hong Kong-listed firms and a broad swath of the U.S. market. It supports investments in sectors such as information technology, pharmaceuticals, and artificial intelligence.
Timeline
The HKEX Tech 100 Index launched in December 2025.
Assets indexed to the S&P 500 reached $23 trillion by the end of 2025.
The S&P 500 & HKEX Tech 100 Index launched on September 30, 2026.
Market Dynamics
The new index is designed to facilitate investment eligibility for exchange-traded funds within the Southbound Stock Connect infrastructure. It reflects a structural shift toward deeper integration between Asian tech markets and established U.S. capital benchmarks.
Retail and institutional investors can now gain exposure to a combined portfolio of U.S. and Hong Kong tech stocks through a single rules-based index. This provides a new vehicle for geographic and sector-specific diversification within their global portfolios.
The takeaway
Investors should note that the index undergoes a quarterly rebalancing process to reflect current market capitalisation. Diversification through this index requires monitoring both U.S. market volatility and the specific performance of Hong Kong-listed tech themes.
Further reading
Learn more about evolving benchmarks and global index trends by visiting our Stock Markets section.
Source note: This article includes information reported by Crowdfund Insider.
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