Hong Kong stocks slid last week — here’s what moved HKEX, IPOs and the Hang Seng
The Hang Seng Index wrapped up Friday at 25,757.29, but that wasn’t enough to erase earlier declines. Hong Kong shares dropped 3.3% over the week after a steep selloff midweek. That carries consequences for Hong Kong Exchanges and Clearing—the bourse operator known as HKEX—since both trading activity and new listings dictate its fee income. According to February’s market highlights, average daily turnover landed at HK$246.8 billion. IPO fundraising over the first two months of 2026 reached HK$89.2 billion.