HKEX third-quarter profit drops as trade war, HK unrest hit market sentiment
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HONG KONG (Reuters) - Hong Kong's stock exchange said third-quarter profit dropped 8%, as investor sentiment was hit by the Sino-U.S. trade war and more than five months of political unrest that pushed the Asian financial hub into recession for the first time in a decade.Net profit for Hong Kong Exchanges and Clearing Ltd (HKEX) in the quarter ended Sept. 30 fell to HK$2.2 billion ($281 million), the company said in a statement, while revenue dropped 6% to HK$3.3 billion.Trading fees, which..