HKEX to reduce minimum spread of 300 stocks from Monday to cut cost, boost trading

HKEX to reduce minimum spread of 300 stocks from Monday to cut cost, boost trading

Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will reduce the minimum trading spread for about 300 stocks starting Monday, a move aimed at lowering transaction costs and increasing turnover. “The minimum spread is the minimum price change for a stock traded on an exchange and determines the tightest bid-ask spread…

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Geopolitics spur Hong Kong’s renewed focus on South Korean trade collaboration

Geopolitics spur Hong Kong’s renewed focus on South Korean trade collaboration

Hong Kong’s finance chief has launched a strategic offensive to forge closer business ties with South Korea, with investors showing interest in the city’s latest cryptocurrency policy and its role as a “superconnector” to international markets amid geopolitical tensions. Concluding a three-day visit to Seoul on Thursday, Financial Secretary Paul Chan Mo-po proposed a direct…

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