HSBC Stock Slips Despite $4 Billion China Clean-Tech Push as Credit Worries Stick
HSBC Holdings shares edged lower in early London trading on Monday after the bank launched a $4 billion credit facility for Chinese clean-technology companies, a growth move that landed as investors continued to weigh recent private-credit losses. The London-listed stock traded at 1,322.6 pence at 09:02 BST, down 0.1% on the day. The broader FTSE 100 was little changed earlier, up 0.02% at 10,197.01 as of 08:31 BST.