HKEX third-quarter profit slips 0.8%, missing analyst estimates
Hong Kong Exchanges & Clearing said its third-quarter net profit fell 0.8% to HK$4.86 billion, below the HK$5.03 billion analyst consensus compiled by Visible Alpha. Revenue and other income rose 1.2% year on year to HK$7.87 billion, while average daily turnover declined 11% to HK$254.2 billion. HKEX said higher trading and clearing fees from commodities and Northbound Stock Connect volumes, along with increased listing fees, helped cushion its bottom line.