Hong Kong’s stock exchange is projected to post its fifth straight decline in quarterly profits as trading volumes slide and IPOs slow down, reported Bloomberg.
The Hong Kong Exchanges & Clearing Ltd. (HKEX) is expected to report a 9% decline in net profit to HK$2.52 billion ($322 million) in the second quarter, as per a survey of six analysts compiled by Bloomberg. Revenue is expected to fall 2% from a year earlier to HK$4.46 billion, it said.
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