Stock trading volumes in Hong Kong have soared to four times those on London’s main exchange, as large technology stocks attracted soaring appetite from foreign investors for the “Nasdaq of Asia”.
Trading volumes in Hong Kong also reached almost 60 per cent of the New York Stock Exchange as investors, mostly from China, poured about $50bn into shares listed in the Asia finance hub this year.
Average daily turnover on the former British colony’s stock exchange in the 30 days to February 16 jumped to about $25bn, according to Financial Times calculations based on Bloomberg data, compared with about $10bn in the same period a year ago.
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