Singapore Exchange's profit drops 9% amid weaker stock trading

CEO Loh expects newly listed SPACs to spur investor participation

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The Singapore Stock Exchange's results for July-December 2021 marked the second straight period of profit decline. (Photo by Akira Kodaka)

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- The Singapore Exchange on Friday reported a net profit of 218 million Singapore dollars ($162 million) for the six months through December, down 8.8% from a year earlier as securities trading declined following a COVID-driven investment boom.

The Singaporean bourse, known as SGX, operates various businesses from equities to currencies, commodities to indexes. The July-December results -- its financial year starts in July -- marked the second straight period of profit decline.

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