The Hong Kong Stock Exchange (HKSE) began the second half of the year (2H25) on stable footing, with the Hang Seng Index opening slightly higher amid continued investor confidence driven by strong performance and active IPO activity in 1H25.
Early trading reflected a cautious but positive tone across sectors, with modest gains seen in banking, property, and tech counters. Market breadth was balanced, suggesting steady investor participation following a robust start to the year.
HKSE’s momentum comes on the back of a record-setting 1H25, during which average daily turnover in equities soared to HK$242.7 billion, more than double the volume recorded a year earlier. Derivatives trading also climbed sharply, underscoring sustained interest in Hong Kong’s financial instruments.
The bourse also saw vibrant capital-raising activity, with 17 IPOs in 1H25 generating a combined HK$17.7 billion in proceeds. Continued structural reforms, including enhancements to the Stock Connect scheme and regulatory adjustments aimed at attracting global issuers, have further reinforced Hong Kong’s position as a key financial gateway.
With solid fundamentals, active fundraising pipelines, and growing cross-border investor access, analysts expect the market to maintain its upward trajectory in the early weeks of 3Q.
