Hong Kong exchange third-quarter profit drops 8% on lower trading fee
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HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX) , the stock exchange operator in the Asian financial hub, on Wednesday posted an 8% drop in third-quarter profit, as a surge in listing fee failed to offset the slide in income from trading. HKEX, which scrapped its surprise $39 billion approach for the London Stock Exchange Group in October, reported a net profit of HK$2.2 billion ($280.87 million), down from HK$2.4 billion a year ago, the company said in a statement. Market..