HKEx to launch Dow futures next month

Hong Kong Exchanges and Clearing (HKEx) plans to start trading Dow Jones Industrial Average (DJIA) futures on its subsidiary, the Hong Kong Futures Exchange, by May 6, according to HKEx.

The DJIA futures contracts will be valued at HK$10 per index point.

"The introduction of DJIA futures in Hong Kong will enable investors to respond quickly to corporate announcements or other market events before or after regular US trading hours," said Kwong Ki-Chi, chief executive of HKEx.

The DJIA index is used as a benchmark for the US stock market, and is made up of 30 US blue-chip stocks traded on the New York Stock Exchange and Nasdaq.

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