The average daily turnover of listed structured products turned flat, while the number of issuances dropped. Blue-chip stock underlying led by Alibaba continued to shine.
Hong Kong SAR’s listed structured product market wrapped up June with a lukewarm performance as shown by turnover figures. The Hong Kong Exchanges and Clearing (HKEX) June statistics report shows that the average daily turnover (ADT) for structured products – consisting of derivative warrants (DWs) and callable bull/bear contracts (CBBCs) – recorded HK$10.2 billion (US$1.3 billion) in June, almost flat month-on-month. While ADT for DWs slid to HK$4.3 billion from May’s