HONG KONG: The Hong Kong and Singapore stock exchanges have reported 25% falls in their March quarter profits as trading volumes tumbled on uncertainty over the Iraq war and the spread of the Severe Acute Respiratory Syndrome (SARS) virus.
Hong Kong and Singapore are the two markets outside China that have been hardest hit by the SARS outbreak, which has restricted share issues and dampened trading volumes as investment bankers and brokers put off face-to-face meetings.
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