HSBC Eyes Monday Rebound After China Rules Trigger Losses
HSBC shares fell 2.35% this week in London, closing Friday at 1,360.80 pence, as investors sold off Asia-exposed banks amid concerns over tighter Chinese capital controls. Hong Kong and London banks, including HSBC and Standard Chartered, dropped after reports of stricter cross-border account checks for mainland clients. Trading volume for HSBC reached 16.25 million shares. The FTSE 100 rose 0.07% Friday.