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HKEX Surges on AI and IPO Boom | Business and Finance News
Description
Hong Kong’s stock exchange just shattered records with a 21% jump in net income, hitting a record $686 million USD — way above expectations — fueled by booming trading and a surge of AI-driven Chinese companies going public. While equity markets soar, HKEX is quietly expanding beyond stocks to diversify, as regulators crack down on sloppy filings and the exchange’s own shares stay flat amid a sluggish market. The big picture? HKEX is riding a wave of global demand for Asia’s innovation engine — especially China’s tech boom — turning it into a magnet for capital.
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