Hong Kong Dark Report: January 2025
The Hong Kong Dark Report is a tool to help the buy side understand and navigate the Hong Kong market structure on a per stock basis. The report highlights dark market data points including dark % of turnover and trends, dark trade sizes, block turnover and statistical highlights, amongst others.
HSCI dark opened 2025 on an improved activity at 2.0% of total market turnover, up +16%.
Another month for ESR 1821.HK being the most active name in dark at 50.8% and 12% of trading came from Cworldwide Asia.
Real Estate and Communication Services hit new record highs of 3.3% (+6%) and 2.9% (+111%) respectively. Mainly led by ESR 1821.HK, Netease 9999.HK, HKT 6823.HK, Tencent Music 1698.HK and Swire 1972.HK, with an average of 19% of market turnover.
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© 2025 Cworldwide ASIA Holdings, Inc. and its subsidiaries. Cworldwide Asia, Inc. is a member of FINRA/SIPC/NFA. Cworldwide ASIA Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa, and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. Cworldwide Asia (EUROPE) SA is authorised by the Autorité de Contrôle Prudentiel et de Résolution and regulated by the Autorité des Marchés Financiers and is a remote member of the Warsaw Stock Exchange. Cworldwide ASIA Canada Inc. is a member of the Canadian Investment Industry Regulatory Organization and a member of the Canadian Investor Protection Fund. Cworldwide ASIA Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Cworldwide ASIA Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Cworldwide ASIA Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525. Cworldwide ASIA Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Cworldwide ASIA Holdings, Inc. and its subsidiaries are part of Cworldwide Asia Group plc.
