HKEX posts first profit growth in 3 quarters as IPOs, stocks trading revive in Hong Kong

Quick Summary:

The operator of Asia’s third-largest stock market reported 9 per cent profit in second-quarter earnings, aided by a rebound in new stock listings and higher market turnover.

The stock has fallen by 14 per cent this year.

Sales increased 8 per cent to HK$5.4 billion during the quarter, also meeting analysts’ forecasts.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Billion Year Hong Market Three Cent Trading Hkex Quarter Chan Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 12:53:04 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22190159

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