HKEX - average daily turnover for securities market in August was HK$279.1 billion

HKEX - average daily turnover for securities market in August was HK$279.1 billion

The Hong Kong Stock Exchange (HKEX) reported a significant increase in the average daily turnover for the securities market in August 2025, reaching HK$279.1 billion. This marked a substantial rise from the previous month, indicating robust trading activity in the market.

The surge in turnover can be attributed to several factors. First, the strong performance of Alibaba's Hong Kong-listed shares, which surged more than 19% on Monday, contributed significantly to the overall market activity. The company's cloud computing division, in particular, delivered impressive growth numbers, posting a robust 26% year-over-year increase in revenue. This growth was driven by surging demand for AI-related products, which maintained triple-digit year-over-year growth for the eighth consecutive quarter [2].

Additionally, the development of Alibaba's new AI chip supported the share price rally, reflecting the company's strategic move towards technological self-sufficiency. This initiative aligns with China's broader national agenda to achieve technological independence in critical areas, further bolstering investor confidence in the company's long-term prospects.

Beyond Alibaba, the broader tech sector in Hong Kong also experienced strong performance. The Hang Seng Tech index rose 3.14% to 5,825.09, reflecting sustained momentum in the sector. The rally builds on improving sentiment around Chinese technology companies, with semiconductor and electronics firms seeing particularly strong gains.

Investors monitoring the HKEX market should keep an eye on key metrics such as cloud revenue acceleration, AI product adoption rates, and the company's ability to balance growth investments with profitability. The development of proprietary AI chips could provide additional competitive advantages in the increasingly important cloud infrastructure market.

The 19% Hong Kong rally in Alibaba shares, coupled with the broader tech sector's performance, positions Alibaba as a bellwether for the Chinese tech sector's recovery. This recovery extends beyond individual company performance, impacting regional market sentiment and global AI investment trends.

References:
[1] https://ambcrypto.com/why-ethena-ena-can-reach-0-88-soon-if-not-1/
[2] https://colitco.com/alibaba-hong-kong-shares-surge-as-ai-fueled-cloud-growth-sparks-19-rally/