Latest News for: Hsbc asia

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As HSBC shares slide, should I jump in and buy?

The Motley Fool 21 Mar 2023
Bank shares have had a punishing few days – and that includes HSBC (LSE ... HSBC shares have fallen around 14% so far in March ... HSBC has a lot going for it ... On top of that, HSBC is a financial juggernaut ... However, HSBC also faces risks ... HSBC also has to deal with a raft of risks currently affecting other banks both in Europe and Asia.
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Should I buy bank shares now for my Stocks and Shares ISA?

The Motley Fool 20 Mar 2023
Lloyds Banking Group NatWest Group Barclays HSBC Holdings Standard Chartered ... Although the outlook is stronger for Asia-focused HSBC and Standard Chartered, I think they still face risks in China ... Of the two emerging markets banks, I’d probably choose Standard Chartered over HSBC, because I think it has stronger growth prospects.
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China's economic recovery affords world opportunities: global asset management institutions

ECNS 20 Mar 2023
In the view of Nicolas Moreau, CEO of HSBC Global Asset Management, allocating assets to Asia is one of the strategies to respond to global financial market volatility ... hikes by major central banks, which is in great contrast with Asia that has more optimistic growth prospects.
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Global stocks sink after Credit Suisse takeover

Wtop 20 Mar 2023
Hong Kong’s main index slid 2.7% ... Shanghai, Tokyo and Sydney also declined ... In Asia, the Hang Seng in Hong Kong lost 2.7% Monday to 18,879.20 after being down 3.3% at one point on heavy selling of technology and financial shares. In Hong Kong, HSBC Holdings plc dropped 6.23% while Standard Chartered fell 7.3% and Bank of East Asia gave up 4.5%.
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Wall Street opens mostly higher with banks still in focus

Moosejaw Today 20 Mar 2023
The S&P 500 rose 0.2% shortly after the opening bell Monday ... U.S ... lenders ... In Asia, the Hang Seng in Hong Kong lost 2.7% Monday to 18,879.20 after being down 3.3% at one point on heavy selling of technology and financial shares. In Hong Kong, HSBC Holdings plc dropped 6.23% while Standard Chartered fell 7.3% and Bank of East Asia gave up 4.5% ... U.S ... .
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HSBC Taiwan wins five Wealth Magazine awards

Taipei Times 16 Mar 2023
HSBC has committed to investing US$3.5 billion over several years ... By 2030, the proportion of Taiwanese adults with wealth of at least US$1 million would reach 10.2 percent, the fourth-highest in Asia, after only Singapore, Australia and Hong Kong, HSBC’s Asia wealth report said.
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BDA Announces Senior Tech Banker Hire for Greater China

San Francisco Examiner 15 Mar 2023
Jeff will expand and deepen BDA’s origination and coverage of the Tech sector in Asia ... Previously, he was Head of Tech Investment Banking for Asia at HSBC and, before that, a senior member of the Asia TMT investment banking team at Credit Suisse ... BDA Partners is the global investment banking advisor for Asia.
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Asian markets rally as bank worries ebb, Fed rates back in view

Urdu Point 15 Mar 2023
Asian markets bounced Wednesday as concerns about contagion from the collapse of two US regional lenders eased while investors turned their attention back to next week's Federal Reserve interest rate decision ... HSBC gained more than two percent. On broader markets, Asia tracked a surge on Wall Street that was led by banks ... ....
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Stocks bounce back as concerns on US financial contagion ease

Manila Standard 15 Mar 2023
The PSE index, the 30-company benchmark, gained 72 points, or 1.14 percent, to close at 6,466.10, as three of the six major subsectors advanced ... which rose 1.63 percent to P874.00 ... HSBC gained more than three percent. On broader markets, Asia tracked a surge on Wall Street that was led by banks, though they pared morning rallies ... ....
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8.8% dividend yield! Is the HSBC share price the FTSE 100’s greatest bargain?

The Motley Fool 14 Mar 2023
HSBC Holdings’ (LSE.HSBA) share price fell to two-month lows earlier today ... In fact, could HSBC shares be the best value stock on the FTSE index right now? The fallout ... I’ve long been a fan of HSBC shares ... Meanwhile, I remain extra confident that Asia-focussed banks like HSBC will generate market-beating profits in the coming decades.
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Threat of a US banking crisis saps investor confidence

The Times/The Sunday Times 14 Mar 2023
HSBC, which announced yesterday that it had bought the UK arm of SVB for £1, fell a further 8p, or 1.4 per cent, to 560½p as the prospect that central banks may be ... Shareholders demand vote on spinning off HSBC Asia.
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HSBC buys failed US bank SVB's UK arm for

Urdu Point 13 Mar 2023
The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal1 ($1.2) in a rescue deal, the government and HSBC announced Monday ... "Silicon Valley Bank (UK) Ltd has today been sold to HSBC," said a Treasury statement after urgent talks over the weekend.
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HSBC buys US bank SVB's UK arm for 1 pound

The Manila Times 13 Mar 2023
The UK arm of failed US lender Silicon Valley Bank (SVB) has been sold to HSBC for a nominal 1 pound ($1.2) in a rescue deal, the government and HSBC announced Monday ... has today been sold to HSBC," said a Treasury statement after urgent talks over the weekend ... HSBC has agreed to ...
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‘Sigh of relief’ as US futures rally after Fed acts to restore confidence

CNN 13 Mar 2023
It’s not so much the risk of bank defaults as it is the investor fear that is contagious, so the backstop reduces investor panic mode.” Asian markets mixed Asia Pacific stocks were mixed as investors digested news of the US regulatory efforts ... HSBC. (HSBC) and Standard Chartered ... Singapore’s DBS, Southeast Asia’s largest lender, dipped 0.8%.
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Quinn backs UK's tech future: HSBC's purchase of SVB will lift its reputation in Whitehall ...

The Daily Mail 13 Mar 2023
The emergence of HSBC as a white knight in the rescue of Silicon Valley Bank’s UK arm should be a great confidence builder. HSBC chief executive Noel Quinn has been fighting a rearguard action to hold the vast Asian bank together in the face of sustained criticism from its biggest investor, China-based insurer Ping An.

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