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Business

HKEx H1 earnings hit by weak trading

Charles Li, chief executive of Hong Kong Exchanges & Clearing, announced the first-half results on Aug. 10. (Photo by Joyce Ho)

HONG KONG -- A prevailing risk-off sentiment and a much quieter financial market dragged down the earnings of the only stock exchange in Hong Kong.

For the six months ended in June, Hong Kong Exchanges & Clearing reported a 27% year-on-year decline in net profit to 2.99 billion Hong Kong dollars ($390 million). Its top line dropped 18% to HK$5.63 billion.

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