Hong Kong's stock exchange beat market estimates with a 21% rise in second-quarter net income, fueled by robust trading volumes and a jump in initial public offerings.

The strong performance reflects renewed investor confidence in the Asian financial hub, with listing activity accelerating after a prolonged slowdown. Trading revenue surged as market volatility drove higher volumes across equities and derivatives products.

Analysts noted the exchange's diversified revenue streams helped cushion against cyclical pressures, while the IPO pipeline remains healthy with several high-profile deals in progress. The results underscore Hong Kong's resilience as a global capital markets center despite geopolitical headwinds.