Hong Kong Exchanges & Clearing profit falls 13%

Hong Kong Exchanges & Clearing Ltd. reported a 13% fall in its first-quarter net profit, as pandemic-triggered turmoil in the financial markets led to an investment loss. Net profit declined to 2.26 billion Hong Kong dollars (US$291.5 million), while revenue and other income also fell 7% to HK$4.01 billion, the stock-exchange operator said Thursday.

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