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2021-06-21
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HSBC's HK shares fall most in 9 months on loss in French retail sale deal
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shares are on course for a second session of fall</p>\n<p>** Stock sinks to the lowest since April 27; the biggest percentage decliner in Hang Seng Finance Index and the second biggest decliner in the benchmark Hang Seng Index</p>\n<p>** HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 bln for the British bank but end its long struggle to dispose of the business as it focuses on Asia</p>\n<p>** The deal announced on Friday sees HSBC take another significant step in a wider retreat from slow-growing European and North American markets where it has struggled against larger domestic players</p>\n<p>** The Hang Seng Finance Index drops 2.2% to the lowest since Feb. 1, and the benchmark index falls 1.1%</p>\n<p>** As of last close, the Hong Kong-listed stock had surged 15.8% this year</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC's HK shares fall most in 9 months on loss in French retail sale deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC's HK shares fall most in 9 months on loss in French retail sale deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-21 10:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Hong Kong shares of <a href=\"https://laohu8.com/S/HSEA\">HSBC Holdings PLC</a> fall 4.4% to HK$45.10, the biggest intraday percentage decline since Sept. 21, 2020; shares are on course for a second session of fall</p>\n<p>** Stock sinks to the lowest since April 27; the biggest percentage decliner in Hang Seng Finance Index and the second biggest decliner in the benchmark Hang Seng Index</p>\n<p>** HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 bln for the British bank but end its long struggle to dispose of the business as it focuses on Asia</p>\n<p>** The deal announced on Friday sees HSBC take another significant step in a wider retreat from slow-growing European and North American markets where it has struggled against larger domestic players</p>\n<p>** The Hang Seng Finance Index drops 2.2% to the lowest since Feb. 1, and the benchmark index falls 1.1%</p>\n<p>** As of last close, the Hong Kong-listed stock had surged 15.8% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰","03143":"华夏香港银行股","00005":"汇丰控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145700634","content_text":"** Hong Kong shares of HSBC Holdings PLC fall 4.4% to HK$45.10, the biggest intraday percentage decline since Sept. 21, 2020; 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