Hong Kong exchange’s third-quarter gains down 30% on lessen trading volume

Hong Kong’s bourse operator on Wednesday reported a 30% fall in third quarter revenue as soaring costs, inflationary pressure and geopolitical tensions harm service fees generated from trading and listing things to do.

The income attributable of Hong Kong Exchanges and Clearing (HKEX) in the 3rd quarter slumped to HK$2.26 billion from HK$3.25 billion the exact same time period previous 12 months.

Profits of the bourse in the quarter dropped by 23% from HK$5.31 billion to HK$3.94 billion, dragged down by weaker funds sector turnover because of to lessen marketplace liquidity and sluggish trading.

Source

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