Average daily volume and revenue at LME dropped 9% during the period
The chairman of the Hong Kong Exchanges
and Clearing said Wednesday that trading in the first-half was
hit by greater volatility and market uncertainty surrounding
the UK’s EU referendum, as the group reported a
27% drop in profit and an 18% decline in revenue.
"The global financial markets witnessed
heightened volatility in the first half of the year arising
from the increasing concerns over a slowing global economy and
the wider divergence in monetary policies among major central
banks. Considerable uncertainty surrounding the
UK’s EU referendum (Brexit) also intensified
market volatility and dampened market activity," said Chow
Chung Kong, chairman of HKEx.
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