NewsHK
technology stocks pulled retail trading activity to record levels in the second quarter, and Futu Holdings Limited collected most of the flow.
The Hong Kong-listed broker reported that intense retail interest in AI-related U.S.
equities, combined with a busy Hong Kong IPO pipeline, pushed trading volumes to record highs and supported higher margin financing balances. That volume picture flatters the headline.
Management noted that blended commission rates declined sequentially because clients traded into higher-priced U.S.
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