Futu Holdings (NASDAQ:FUTU) rose 5% in premarket trading on Wednesday after beating quarterly earnings estimates, as trade policy-driven market volatility and a wave of high-profile IPOs lifted retail investor sentiment in Hong Kong.
The U.S. market also recorded solid growth.
Total trading volume in the second quarter of 2025 increased by 121.2% year-over-year to HK$3.59 trillion, in which trading volume for U.S. stocks was HK$2.70 trillion and trading volume for Hong Kong stocks was HK$833.5 billion, the company said.
Total client assets increased 68.1% year-over-year to HK$973.9 billion as of June 30, while the daily average client assets were HK$895.6 billion in the second quarter, an increase of 59.9% from the same period a year ago.
“The market turmoil in April and the surge of crypto names following favorable policy developments sparked trading interests. U.S. stock trading volume grew 19.7% sequentially to HK$2.70 trillion, led by EV and crypto names,” Leaf Hua Li, Futu’s CEO said.