HSBC falls 24% in Hong Kong, biggest drop in history (People’s Daily)
Hong Kong-listed HSBC shares plunged 24 percent Monday in its biggest single-day drop in history, dragging the Hang Seng Index down 4.84 percent, as the global lender headed towards its deeply discounted rights issue this week. As market heavyweight and one of world’s biggest banks and financial service institutions, HSBC shares nearly doubled its daily loss during Hong Kong’s closing auction …
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