Hong Kong Exchanges & Clearing posts record Q1 profit and revenue
Updated
Updated · The Wall Street Journal · Apr 28
Hong Kong Exchanges & Clearing posts record Q1 profit and revenue
4 articles · Updated · The Wall Street Journal · Apr 28
Net profit surged 27% year-on-year to HK$5.19 billion, with revenue rising 20% to HK$8.20 billion amid robust trading and listing activity.
Average daily turnover climbed 14% to HK$276.7 billion, driven by increased volumes across cash and commodities markets despite regional geopolitical tensions.
Shares of HKEX fell 4.7% in Q1 as the Hang Seng Index dropped 3.3%, but the exchange remains focused on deepening regional connectivity and expanding its multiasset ecosystem.
Why is HKEX stock falling despite record profits and a hot IPO market?
Is the disconnect between HKEX's profits and its share price a warning sign?
Will HKEX's ambitious reforms be enough to lure back global investors?
How vulnerable is Hong Kong's market to the Strait of Hormuz conflict?
Can deeper China connectivity shield Hong Kong from global economic headwinds?