Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 per cent compared with the previous quarter. Net profit for the three months to September fell 1 per cent year on year to HK$4.859 billion (US$620 million), or HK$3.84 per share, missing analysts’ estimates of HK$5 billion, according to an exchange filing on...
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