HashKey's shares fall 5% on debut in Hong Kong

Shares slid on debut as investors questioned whether Hong Kong’s dominant licensed exchange can turn surging volumes and regulatory advantage into sustainable profits. What to know : HashKey Holdings' shares fell about 5% in their Hong Kong trading debut, highlighting investor caution despite its dominant market position. The company reported significant losses due to its ultra-low fee strategy, which has not kept pace with operating costs. HashKey's growth is increasingly tied to Hong Kong's regulatory framework, affecting its market outlook.