Hang Seng Index / 恒生指数
The Hang Seng Index / 恒生指数 appears in Vol.269 小历史 | “不要怕，是技术性调整” as the market thermometer for the 1973 Hong Kong stock market crash. The episode says the index moved from roughly 346 in March 1972 to more than 1,700 in March 1973, then fell to around 500 by mid-September 1973.
For this source, the index does not stand alone as a valuation tool. It is the visible price record of a broader cycle involving the 置地饮牛奶 case, retail chasing, exchange fragmentation, stock-split confusion, and Hong Kong dollar liquidity shifts.
Connections
- 1973 Hong Kong Stock Market Crash / 1973年香港股灾 - source crash frame.
- Hong Kong Market Structure, Retail Bull Market Psychology, and Speculative Bubble Psychology - market-behavior context.
- Hongkong Land / 香港置地, Dairy Farm International / 牛奶公司 / DFI, and Four-Exchange Hong Kong Market Fragmentation / 香港四会并列市场碎片化 - case and structure tied to the index path.