Singapore Exchange’s (S68.SG) US$8.3 billion ($10.7 billion) takeover bid for ASX (ASX.AU) may prompt some soul-searching from regional exchanges but heavyweights like Hong Kong, Tokyo unlikely to follow suit anytime soon, argues Dow Jones column. 

HKEx (0388.HK), widely seen as go-to venue for all types of Chinese listings, overseas commodities companies, is home this year to world’s two biggest global IPOs and is unlikely to look too far from home for growth. Tokyo Stock Exchange also likely to go it alone for now. “The TSE is constrained by its unlisted status, which makes it very hard for it to participate in M&A,” says Derek Ovington, analyst at CLSA.