Editorial﹕What has the Index got to do with us?

【明報專訊】THE Hang Seng Index (HSI) rose above the 30,000 barrier again after a decade. Some large investment banks even predict that it would rise to 32,000 by the end of next year. The rising trend of HSI in recent months has largely been driven by leading technology shares such as Tencent Holdings. Unlike the dot-com bubble which burst 20 years ago, the situation of technology shares nowadays is supported by solid performance and real profit. In Hong Kong as well as in the US, many investors have high hopes about the new economy. However, the surge of the stock prices does not mean that the real economy or ordinary people would definitely benefit from it.