Hong Kong exchange's H1 profit falls 27% on weaker listings, trading

HONG KONG : The operator of Hong Kong's exchange reported on Wednesday a fall of 27 per cent in first-half profit, hit by a plunge in listing volumes and sluggish trading amid China’s slowing economy and heightened political tension.

The attributable profit of Hong Kong Exchanges and Clearing Ltd (HKEX) dipped to HK$4.8 billion in the first six months, from HK$6.6 billion in the corresponding period last year, the company said in an exchange filing.

Exchange revenue dropped 18 per cent to HK$8.9 billion from last year's HK$10.9 billion.