FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo

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HKEX posted lower trading volume during the quarter, with headline average daily turnover sliding 22% as geopolitical tensions and macroeconomic volatility continued to weigh on market sentiment.

Reporter, Dow Jones Newswires

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Hong Kong’s stock-exchange operator reported lower net profit for the second straight quarter, with poor market sentiment cutting further into trading and listing activity in the Asian financial hub.

Hong Kong Exchanges & Clearing said on 24 April that its first-quarter net profit fell 13% from a year earlier to 2.97 billion Hong Kong dollars ($379.1m).

HKEX’s profit falls for second straight quarter on weak trading, listings

Hong Kong Exchanges & Clearing said first-quarter net profit fell 13% from a year earlier to $379.1m

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