HONG KONG - Hong Kong stocks market capitalization reached HK$42.7 trillion ($5.44 trillion) in the first half of 2025, up 33 percent year-on-year, the Hong Kong Exchanges and Clearing Ltd (HKEX) said on Tuesday.

The HKEX said the Stock Exchange recorded an average daily turnover (ADT) of HK$240.2 billion in the first half of 2025, up 118 percent year-on-year.

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Exchange Traded Funds (ETFs) notched a sizeable rise in ADT, reaching HK$33.8 billion in the cited period, up 184 percent.

The derivatives market saw the average daily volume of futures and options rise to 1.7 million contracts, up 11 percent.

ADT from the Southbound channel of the mutual market access program Stock Connect reached HK$110.96 billion, up 195 percent. RMB Currency Futures' daily volume climbed to 115,150 contracts, up 43 percent.

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Describing the first half of 2025 as a "breakout period" for Hong Kong's capital markets, the HKEX said that with strong turnover and expanding derivatives activity, the data points to a secondary market that is not only resilient but also evolving -- embracing innovation, attracting international capital and offering an increasingly diverse range of instruments for investors.