Hang Seng vs Nikkei 225: which is stronger each month?
Hang Seng has been strongest in February (+2.30%) and weakest in August (-1.54%). Nikkei 225 has been strongest in December (+1.49%) and weakest in August (-0.35%). Hang Seng had the higher average in 6 of 12 months, and the two pointed the same way in 9 of 12.
Month by month
| Month | Hang Seng average | Hang Seng up years | Nikkei 225 average | Nikkei 225 up years | Stronger |
|---|---|---|---|---|---|
| January | +0.49% | 55% | +1.35% | 66% | Nikkei 225 |
| February | +2.30% | 60% | +0.76% | 56% | Hang Seng |
| March | -1.04% | 53% | +1.08% | 58% | Nikkei 225 |
| April | +2.22% | 68% | +1.38% | 64% | Hang Seng |
| May | +0.43% | 48% | +0.64% | 53% | Nikkei 225 |
| June | -0.10% | 55% | +0.66% | 61% | Nikkei 225 |
| July | +2.29% | 65% | -0.07% | 48% | Hang Seng |
| August | -1.54% | 40% | -0.35% | 50% | Nikkei 225 |
| September | -0.06% | 50% | -0.34% | 48% | Hang Seng |
| October | +0.76% | 67% | +0.40% | 52% | Hang Seng |
| November | +1.21% | 51% | +1.29% | 59% | Nikkei 225 |
| December | +2.01% | 67% | +1.49% | 69% | Hang Seng |
Hang Seng since 1987, Nikkei 225 since 1965, monthly close to close, as of October 16, 2026. The highlighted row is the current month. Monthly correlation over the last 16 years: 0.26.
More on each market
Questions
What is the best month for Hang Seng?
Since 1987, February has averaged +2.30% for Hang Seng, higher in 60% of 40 years.
What is the best month for Nikkei 225?
Since 1965, December has averaged +1.49% for Nikkei 225, higher in 69% of 61 years.
Do Hang Seng and Nikkei 225 move together?
Over the last 16 years their monthly moves had a correlation of 0.26, where 1 means they always move together and 0 means no link.
History describes the past. Not investment advice.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.