0641 GMT - Hong Kong Exchanges & Clearing Ltd. is the most mentioned company over the past six hours, according to Factiva data, after it posted disappointing earnings for the first half of 2022 on Wednesday. Revenue fell 13% and net profit slid 27% compared with year-earlier figures. The exchange operator said the results showed resilience in the face of a host of challenges--from the pandemic at home and in China to geopolitical tensions--and added that its pipeline for initial public offerings remains strong, with 189 active applications as of June 30. HKEX said earlier that IPO fundraising in the year to July 31 totaled HK$38.04 billion, down 85% from a year earlier. This is an improvement on the 91% decline in first-half IPO fundraising it reported Wednesday. Shares are down 1.2%. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)


(END) Dow Jones Newswires

08-17-22 0256ET