Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

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The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The Hong Kong Exchange said Wednesday that its bottom line fell during the first half of the year, amid weak market sentiment, although there were also signs of a turnaround.

The exchange's interim earnings, released during the midday trading break, showed revenue and other income in the half was virtually flat at 10.61 billion Hong Kong dollars ($1.36 billion), while net profit dropped by 3% on the year to HK$6.12 billion.

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