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Hong Kong exchange's third-quarter profits down 30% on lower trading volume

Por: CNBC Business October 19, 2022

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Hong Kong's bourse operator on Wednesday reported a 30% drop in third quarter profits as rising rates, inflationary pressure and geopolitical tensions hurt fees generated from trading and listing activities.The profit attributable of  (HKEX) in the third quarter slumped to HK$2.26 billion from HK$3.25 billion the same period last year.Revenue of the bourse in the quarter dropped by 23% from HK$5.31 billion to HK$3.94 billion, dragged down... + full article



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