Biggest quarterly profit fall in 3 years for HKSE

Taking a hit: People walking outside the Exchange Square complex which houses the Hong Kong Stock Exchange. Hong Kong Exchanges and Clearing Ltd says profit tumbled to HK$2.2bil (US$281mil) in the third quarter from the same period a year earlier. — Bloomberg

HONG KONG: Hong Kong’s stock exchange operator said quarterly profit dropped 8%, the steepest slide in nearly three years, as investor sentiment was hit by months of political unrest that pushed the Asian financial hub into recession.

Also citing the US-China trade war and uncertainty over Brexit, the Hong Kong Exchanges and Clearing Ltd (HKEX) said profit tumbled to HK$2.2bil (US$281mil) in the third quarter from the same period a year earlier.