Hong Kong Exchange Poised for Record Streak of Profit Declines

(Bloomberg) — Hong Kong’s stock exchange is poised to report a sixth consecutive quarterly profit decline, the longest slump in its history as a listed company, as market turmoil drags down trading and initial public offerings.

Net income for the three months that ended in September at the Hong Kong Exchanges & Clearing Ltd. is estimated to drop 31% to HK$2.23 billion ($284 million) from a year earlier, according to a survey of five analysts.