** Hong Kong shares of Haitong Securities Co Ltd fall 4.6% to HK$3.54, the lowest since debut in April 2012
** Stock on track for biggest one-day pct decline since Jan. 17; third biggest pct loser in Hang Seng Composite Index tracking financials stocks
** Shanghai shares down 4%
** Chinese financial services group expects its 2023 net profit to drop 84.6%-86% Y/Y to 918 mln-1.01 bln yuan ($127.8-$140.7 mln)
** Co says it experienced a significant decline in the valuation of its overseas financial assets amid market volatility and interest rate hikes in Europe and the U.S., leading to an increase in overseas interest expenses
** Hang Seng Composite Index tracking financials stocks
slips 0.6% and Hang Seng Index falls 1.6%
** Hong Kong-listed stock down 13.7% YTD, Shanghai shares down 6.2% YTD
($1 = 7.1809 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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