Hong Kong exchange reports jump of nearly 40% in first-half profit
The revenue of Hong Kong Exchanges and Clearing (HKEX) reached HK$14.1 billion in the past six months, up 33% on the year, it said in a stock exchange filing.
It declared an interim dividend of HK$6, up from HK$4.36 last year, while earnings per share rose to HK$6.74 from HK$4.84.
HKEX said its average daily equities turnover, or buying and selling of stocks, rose 122% in the half to be worth HK$222.8 billion ($28.54 billion). South-bound stock trading, where mainland investors trade Hong Kong shares, was up nearly 200%.
Hong Kong's Hang Seng Index is up almost 25% year to date, making it one of the world's best performing major equities markets.
Analysts say the surge in the benchmark index has been driven by foreign investors' return to buying Chinese stocks, despite U.S President Donald Trump's April tariffs package and geopolitical tension between the two countries. ($1=7.8068 Hong Kong dollars) - Reuters
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