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Hong Kong’s unified stock exchange opens for trading in 1986 – SCMP archive

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Hong Kong’s unified stock exchange launched on April 2, 1986, in Exchange Square, Central, marking a historic consolidation of the city’s fragmented markets under one trading system. Despite expectations of a celebratory rally, the debut session closed sharply lower, with the Hang Seng Index dropping 22.67 points to 1,603.27 in morning-only trading. Brokers remained optimistic, calling the performance satisfactory given pre-existing bearish sentiment, including negative news that emerged before the Easter break. Analysts had braced for worse outcomes, noting the market’s resilience amid unfavorable conditions during its inaugural unified trading session. The session’s mixed results underscored the challenges of merging multiple exchanges while reflecting broader economic uncertainties at the time.
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AdvertisementHong KongBusinessHong Kong’s unified stock exchange opens for trading in 1986 – SCMP archive40 years ago today, the city’s unified stock exchange opened for business in Exchange Square in Central3-MIN READ3-MIN ListenSCMPPublished: 11:30am, 2 Apr 2026This article was first published on April 3, 1986.By Jerry NortonDebut-day is full of contradictionsConsidering the historic nature of yesterday’s share market trading, a strong rally might have seemed appropriate.AdvertisementInstead, the first session in the new unified stock exchange saw prices finish sharply down from Thursday’s close.But most brokers still described themselves as well satisfied with the performance, despite the Hang Seng index closing the morning-only trading session 22.67 points down at 1,603.27.AdvertisementAnalysts generally thought it could have been much worse, considering the bearish news that came rolling in a week ago after the market finished its last pre-Easter session.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x

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Source: South China Morning Post Business

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