HKEX profit tops estimates as volume jumps on China stimulus, global rate cuts

HKEX profit tops estimates as volume jumps on China stimulus, global rate cuts

The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/ File Photo

Hong Kong‘s bourse operator reported a 7% rise in third-quarter profit on Wednesday, ahead of forecasts, as China‘s stimulus package and interest rate cuts by global central banks led to higher trading volumes.