Hong Kong's main stock market index, the HK50, rose to 26095 points on December 2, 2025, gaining 0.24% from the previous session. Over the past month, the index has declined 0.24%, though it remains 32.15% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Hong Kong. Hong Kong Stock Market Index (HK50) - values, historical data, forecasts and news - updated on December of 2025.

Hong Kong HK: S&P Global Equity Indices: Annual % Change data was reported at 27.819 % in 2017. This records an increase from the previous number of -3.069 % for 2016. Hong Kong HK: S&P Global Equity Indices: Annual % Change data is updated yearly, averaging 13.667 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 113.202 % in 1993 and a record low of -53.881 % in 2008. Hong Kong HK: S&P Global Equity Indices: Annual % Change data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Financial Sector. S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.; ; Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.; ;

FCHI The FCHI, or the CAC 40 Index, is a benchmark stock market index in France that represents the performance of the 40 most significant and actively traded stocks on the Euronext Paris. It includes major French companies across various sectors such as finance, energy, consumer goods, and technology. The index is widely used by investors and financial professionals to gauge the health of the French economy and serves as a key indicator of European market trends.

FTSE The FTSE 100 Index, commonly referred to as simply the FTSE, is a stock market index that tracks the performance of the 100 largest companies listed on the London Stock Exchange, ranked by market capitalization. It is one of the most widely followed indices in Europe and reflects the overall strength and direction of the UK's economy. Major multinational corporations in sectors like banking, oil, and pharmaceuticals are heavily represented in this index.

GDAXI The GDAXI, also known as the DAX 40 or simply DAX, is Germany’s leading stock market index, consisting of the 40 largest and most liquid German companies trading on the Frankfurt Stock Exchange. These companies are typically industry leaders in sectors such as automotive, industrial manufacturing, pharmaceuticals, and financial services. The DAX is a key indicator of economic performance in Germany and is closely watched by investors around the world.

HSI The HSI, or Hang Seng Index, is a stock market index that tracks the performance of the largest companies listed on the Hong Kong Stock Exchange. It serves as a key benchmark for the Hong Kong stock market and provides insight into the economic conditions of Hong Kong and greater China. The index includes companies from various sectors, including finance, real estate, and technology, many of which have significant operations in mainland China.

IDX The IDX Composite Index, often referred to as the Jakarta Composite Index, is the main stock market index for the Indonesia Stock Exchange (IDX). It measures the performance of all actively traded stocks listed on the exchange and is used as a key indicator of the overall health of the Indonesian economy. The index covers a wide range of industries, including banking, commodities, telecommunications, and consumer goods.

N225 The N225, or Nikkei 225, is Japan’s most well-known stock market index, comprising 225 top-quality companies listed on the Tokyo Stock Exchange. It is a price-weighted index that reflects the performance of major Japanese firms across various industries such as electronics, automotive, and financial services. The Nikkei 225 is considered a key barometer of Japan's economic health and is widely monitored by global investors.

NYA The NYA, or NYSE COMPOSITE INDEX, is a broad stock market index that includes all common stocks listed on the New York Stock Exchange. Unlike more narrow indices such as the Dow Jones Industrial Average, the NYA offers a comprehensive view of the entire NYSE market, covering companies across multiple sectors and market capitalizations. It is used by investors to assess the overall performance of the U.S. stock market.

As of December 2024, the Shanghai Stock Exchange had the largest domestic market capitalization among stock exchanges in the Asia Pacific region, amounting to approximately *** trillion U.S. dollars. Second in the ranking was the Shanghai Stock Exchange Group, followed by the Shenzhen Stock Exchange. Stock exchanges in Asia PacificThe major stock exchanges in the Asia-Pacific region are the Tokyo Stock Exchange in Japan, the Shanghai and Shenzhen Stock Exchange in Mainland China, the Hong Kong Stock Exchange in Hong Kong, and the Bombay Stock Exchange in India, which is also the oldest stock exchange in Asia. Also, five out of the ten largest stock exchange operators in the world are located in Asia.What is market capitalization?Market capitalization, also commonly referred to as market cap, is a measure of the total market value of outstanding shares of a company on the stock market. It indicates a company’s relative size and value while taking various determinants such as risk and the market’s perception into consideration. There are large-cap (>** billion), mid-cap (* to ** billion) and small-cap (*** million to * billion) companies depending on their market capitalization.

S&P global equity indices of Hong Kong rocketed by 32.54% from -7.3 % in 2021 to -9.7 % in 2022. Since the 144.44% drop in 2019, S&P global equity indices sank by 289.57% in 2022. S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

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Securities Exchanges Market Size 2025-2029

The securities exchanges market size is forecast to increase by USD 56.67 billion at a CAGR of 12.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for investment opportunities. This trend is fueled by a global economic recovery and a rising interest in various asset classes, particularly in emerging markets. Another key driver is the increasing focus on sustainable and environmental, social, and governance (ESG) investing. This shift reflects a growing awareness of the importance of long-term value creation and the role of exchanges in facilitating socially responsible investments. This trend is driven by the expanding securities business units, including stocks, bonds, mutual funds, and other securities, which cater to the needs of investment firms and individual investors. However, the market is not without challenges. Increasing market volatility poses a significant risk for exchanges and their clients.
Furthermore, the rapid digitization of trading and the emergence of alternative trading platforms are disrupting traditional exchange business models. To navigate these challenges, exchanges must adapt by investing in technology, expanding their product offerings, and building strong regulatory frameworks. Data analytics and big data are also crucial tools for e-brokerage firms to gain insights and make informed decisions. By doing so, they can capitalize on the market's growth potential and maintain their competitive edge. Geopolitical tensions, economic instability, and regulatory changes can all contribute to market fluctuations and uncertainty.

What will be the Size of the Securities Exchanges Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, financial instrument classification plays a crucial role in facilitating efficient trade matching through advanced execution quality metrics and order book liquidity. Quantitative trading models leverage options clearing corporation data to optimize portfolio holdings, while trade matching engines utilize high-speed data storage solutions and portfolio optimization algorithms to minimize latency and enhance market depth indicators. Data center infrastructure and network bandwidth capacity are essential components for supporting complex algorithmic trading strategies, including latency reduction and price volatility forecasting. Market impact measurement and risk assessment methodologies are integral to managing market impact and mitigating fraud, ensuring regulatory compliance through transaction reporting standards and regulatory compliance software.

Exchange traded funds (ETFs) have gained popularity, necessitating robust quote dissemination systems and trade surveillance analytics. Server virtualization and cybersecurity threat mitigation strategies further strengthen the market's resilience, enabling seamless integration of data-driven quantitative models and sophisticated fraud detection algorithms. Additionally, users of online trading platforms can easily monitor the performance of their assets thanks to real-time stock data.

How is this Securities Exchanges Industry segmented?

The securities exchanges industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Market platforms
  Capital access platforms
  Others


Trade Finance Instruments

  Equities
  Derivatives
  Bonds
  Exchange-traded funds
  Others


Type

  Large-cap exchanges
  Mid-cap exchanges
  Small-cap exchanges


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    UK


  APAC

    China
    Hong Kong
    India
    Japan


  Rest of World (ROW)

By Service Insights

The Market platforms segment is estimated to witness significant growth during the forecast period. The market is characterized by advanced technologies and systems that enable efficient price discovery, manage settlement risk, and ensure regulatory compliance. Market platforms, which include trading platforms, order-matching systems, and market data dissemination, hold the largest share of the market. These platforms facilitate the buying and selling of securities, providing market liquidity and transparency. Real-time market surveillance and high-frequency trading infrastructure are crucial components, ensuring fair and orderly markets and enabling efficient trade execution. Financial modeling techniques and algorithmic trading platforms optimize trading strategies, while electronic communication networks and central counterparty clearing minimize r

The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of almost ** trillion U.S. dollars as of November 2025. The following largest three exchanges were the NASDAQ, PINK Exchange, and the Frankfurt Exchange. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

Hong Kong recorded a capital and financial account surplus of 126555 HKD Million in the second quarter of 2025. This dataset provides - Hong Kong Capital Flows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Index Time Series for iShares Trust - iShares China Large-Cap ETF. The frequency of the observation is daily. Moving average series are also typically included. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Hong Kong and are available to international investors. The fund is non-diversified.

The rows are the responses and the columns are the hypotheses tested in the Granger causality tests stated in Eq (9) and Eq (10).

Long-Term-Debt Time Series for Link Real Estate Investment Trust. Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.

The rows indicate the responses (loss and absolute return) to predict.

The rows indicate the responses (loss and absolute return). Each RMSE of the predictive models in H1a, H1b and H2 is compared with the RMSE of the predictive model in H0, using respectively the same data with the sets of time indexes Q(99.9), Q(99) and Q(98). The values inside the brackets are the percentage differences of the RMSE of the model in H1a, H1b or H2 to the RMSE of the model in H0. A negative percentage means that the model under the alternative hypothesis has a smaller RMSE, i.e., the model under the alternative hypothesis performs better.

STAR Trading System Connectivity Market Outlook

According to our latest research, the Global STAR Trading System Connectivity market size was valued at $2.1 billion in 2024 and is projected to reach $5.8 billion by 2033, expanding at a robust CAGR of 11.7% during the forecast period from 2025 to 2033. The primary factor fueling this growth is the accelerating demand for ultra-low latency trading infrastructure among financial institutions worldwide. As algorithmic and high-frequency trading strategies become increasingly integral to the operations of brokerage firms, investment banks, and asset management companies, the need for sophisticated, reliable, and high-speed connectivity solutions has never been more pressing. This surge in demand is further amplified by the ongoing digital transformation within the capital markets ecosystem, where seamless integration between trading systems and global exchanges is vital for maintaining competitiveness and regulatory compliance.

Regional Outlook

North America currently dominates the STAR Trading System Connectivity market, accounting for the largest share of global revenue, with the region valued at approximately $950 million in 2024. This market leadership is underpinned by the presence of major stock exchanges, advanced financial infrastructure, and a concentration of leading brokerage and asset management firms. The United States, in particular, benefits from mature regulatory frameworks, a high degree of market automation, and early adoption of cutting-edge trading technologies. These factors have fostered an environment where investment in high-performance connectivity solutions is prioritized, ensuring that North American institutions maintain a competitive edge in global financial markets. Furthermore, ongoing investments in data center expansion and network upgrades continue to solidify the region’s position as the epicenter of STAR trading system connectivity innovation.

In contrast, the Asia Pacific region is experiencing the fastest growth in the STAR Trading System Connectivity market, projected to register an impressive CAGR of 14.2% through 2033. Key drivers include the rapid expansion of financial markets in China, India, Singapore, and Hong Kong, coupled with regulatory reforms aimed at liberalizing capital markets and encouraging foreign participation. Financial institutions across Asia Pacific are investing heavily in technology upgrades to support electronic and algorithmic trading, while regional exchanges are enhancing their connectivity infrastructure to attract international traders. The influx of venture capital into fintech startups and the proliferation of digital trading platforms further contribute to the region’s robust market growth, positioning Asia Pacific as a key engine of global expansion for STAR trading system connectivity solutions.

Emerging economies in Latin America, the Middle East, and Africa are also witnessing gradual adoption of STAR trading system connectivity, albeit at a more measured pace. In these regions, localized demand is often shaped by regulatory modernization efforts, the introduction of new financial instruments, and the establishment of regional exchanges. However, challenges such as limited access to high-speed internet, skills shortages, and inconsistent regulatory enforcement can impede widespread adoption. Nonetheless, as these economies continue to integrate with global financial networks and attract foreign investment, there is significant potential for accelerated uptake of advanced trading connectivity solutions, provided that infrastructure and policy gaps are effectively addressed.

Report Scope

Ebit Time Series for Link Real Estate Investment Trust. Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.

Custody for Tokenized Securities Operations Market Outlook

According to our latest research, the Global Custody for Tokenized Securities Operations market size was valued at $1.8 billion in 2024 and is projected to reach $9.6 billion by 2033, expanding at a robust CAGR of 20.7% during the forecast period of 2025–2033. The primary driver behind this exceptional growth is the increasing institutional adoption of digital assets and tokenized securities, which is fueling demand for secure, compliant, and technologically advanced custody solutions. The proliferation of blockchain technology and the digitization of traditional financial instruments are compelling financial institutions and asset managers to seek out reliable custody partners, thus accelerating the evolution of this dynamic market.

Regional Outlook

North America currently commands the largest share of the Custody for Tokenized Securities Operations market, accounting for approximately 42% of global revenue in 2024. This region’s dominance is attributed to its mature financial ecosystem, early adoption of blockchain technology, and a proactive regulatory environment that fosters innovation while ensuring investor protection. Major financial hubs such as New York and Toronto have become epicenters for digital asset initiatives, with numerous established banks and fintech firms launching dedicated custody services for tokenized securities. Additionally, the presence of leading technology vendors and a strong pipeline of institutional investment have further solidified North America’s leadership position. The region’s emphasis on compliance, transparency, and risk management continues to attract both domestic and international clients seeking robust custody solutions for their digital assets.

Asia Pacific is emerging as the fastest-growing region in the Custody for Tokenized Securities Operations market, projected to expand at a CAGR of 24.1% from 2025 to 2033. This rapid growth is driven by substantial investments in blockchain infrastructure, a burgeoning fintech sector, and increasing regulatory clarity in key markets such as Singapore, Hong Kong, and Australia. Regional governments are actively promoting digital innovation through sandbox programs and favorable policies, which has spurred the entry of both global and local players into the custody landscape. Moreover, the rising wealth among institutional and retail investors in Asia Pacific is creating a strong demand for secure and compliant custody solutions. As a result, the region is witnessing a wave of strategic partnerships, technology upgrades, and cross-border collaborations aimed at enhancing the efficiency and security of tokenized securities operations.

Emerging economies in Latin America and the Middle East & Africa are gradually embracing tokenized securities and digital asset custody, albeit at a more measured pace. Adoption in these regions is often challenged by regulatory uncertainty, limited access to advanced financial infrastructure, and varying levels of digital literacy among investors. However, localized demand is growing, particularly in countries like Brazil and the United Arab Emirates, where progressive regulatory frameworks and government-led initiatives are fostering innovation in digital finance. Despite these advances, market penetration remains relatively low compared to North America and Asia Pacific, as stakeholders continue to navigate issues related to compliance, interoperability, and technology integration. Nevertheless, as regulatory frameworks mature and cross-border investment flows increase, these regions are poised to play an increasingly important role in the global custody for tokenized securities operations market.

Report Scope