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Markets

Hong Kong exchange pins hopes on China index futures in bear market

HKEX counts on derivatives to diversify revenue away from stock trading

The Hong Kong exchange's Hang Seng Index has dropped 20% from a peak in mid-February, hampered by Beijing's moves to rein in the technology sector.   © AP
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | Hong Kong

HONG KONG -- Hong Kong's stock exchange on Friday was cleared to launch a new revenue source, even as worries over China's data privacy rules pushed the city's benchmark into bear market territory.

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