Personal Finance & Money Asked on June 18, 2021
On page 26 of this PDF provided by HKEX, it describes turnover as:
each trade concluded in the derivatives market will increase the turnover for that day
Isn’t it the definition for volume?
When checking other documents from the HKEX websites, it seems their turnover is in the unit of HK dollar, which is a completely different concept of the turnover ratio in the US market.
Then what is the meaning of "turnover" in HKEX?
Turnover in Hong Kong is Sum of Price per Share multiplied by Number of Shares of each transaction.
Correct answer by base64 on June 18, 2021
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