Hong Kong Exchange Sees 9% Profit Gain on Rising Trading.

The Hong Kong stock exchange reported a 9% increase in profit for the second quarter, driven by higher trading volumes. The exchange's net income reached HK$3.16 billion ($406 million), falling slightly short of analysts' estimates. The rise in profit was attributed to increased market momentum and trading activity, as well as a boost in initial public offerings. The average daily trading volume of equities rose by 23% in the quarter, and trading via the Stock Connect to China's exchanges also saw significant growth. Despite the positive results, the exchange's shares declined by 2.2%. [Extracted from the article]