Sector Update: Financial Stocks Advance Premarket Friday
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Await Import, Export Data
Market Chatter: HSBC Holdings Discusses Potential Sale of South African Unit to FirstRand
Street Color: HSBC in Discussions to Sell Its South African Corporate Banking Unit to Rand Merchant Bank, Bloomberg Reports
HSBC Reportedly in Discussions to Sell South African Business to FirstRand Unit
HSBC Holdings (00005.HK) spent 0.227 billion Hong Kong dollars to repurchase 3.3828 million shares on September 12th.
On September 13, China Grogon Union announced that HSBC Holdings (00005.HK) repurchased 3.3828 million shares at a cost of 0.227 billion Hong Kong dollars on September 12, 2024, with a repurchase price of 66.3-67.2 Hong Kong dollars per share.
Express News | Johnson & Johnson : HSBC Raises Target Price to $180 From $174
HSBC raises its exchange rate expectations for the Japanese yen against the US dollar, expecting the safe-haven status to strengthen once again.
HSBC strategists Joey Chew and Paul Mackel wrote in a report on Thursday that HSBC has raised its expectations for the yen's exchange rate against the US dollar, believing that the yen's safe-haven properties are returning and that the Federal Reserve is transitioning to an interest rate cut cycle. The fourth quarter forecast for the USD/JPY has been adjusted from the previous 148 yen to 142 yen, and the second quarter forecast for 2025 has been adjusted from 144 to 138 yen. "As the Federal Reserve is no longer in an interest rate hike cycle, the future trend of safe-haven sentiment is more likely to benefit the yen compared to the past three years." The yen now has a positive correlation with the VIX index and the FTSE World Index.
Wisdom ADR Statistics | September 13th
On Thursday, the three major US stock indexes collectively rose, with the HSI ADR rising. Calculated proportionally, it closed at 17,250.87 points, up 10.48 points or 0.06% from the Hong Kong market.
hsbc holdings (00005.HK) spent 0.225 billion Hong Kong dollars to repurchase 3.4076 million shares on September 11th.
On September 12th, GuoLonghui reported that HSBC Holdings (00005.HK) announced that it would spend 225 million Hong Kong dollars to repurchase 3.4076 million shares on September 11th, 2024, at a repurchase price of HKD 65.75-66.75 per share.
Express News | HSBC Bought Back 3.4 Mln Shares for HK$225.4 Mln on Sept 11 - HKEX Filing
Correction to HSBC Article on Wednesday
HSBC Buys Back 7.2 Million Shares
HSBC Holdings Announces Successful Securities Issuance
HSBC Bank Plc UK Regulatory Announcement: Early Repurchase(s)
HSBC Issues $2.50 Billion in Contingent Convertible Securities
HSBC Holdings to Review HSBC Bank Malta Shareholding
HSBC Holdings (00005.HK) spent 0.198 billion Hong Kong dollars on September 10 to repurchase 2.9384 million shares.
Glory Times reported on September 11th that HSBC Holdings (00005.HK) announced that on September 10, 2024, it spent 0.198 billion Hong Kong dollars to repurchase 2.9384 million shares at a repurchase price of 67.3-67.7 Hong Kong dollars per share.
US bank stocks fell across the board overnight. Hong Kong-based banks are under pressure, with Dahsing Banking (02356) dropping by 2.42%.
金吾财讯 | hk based banks generally under pressure, dahsing banking (02356) fell 2.42%, hsbc holdings (00005) fell 2.22%, stanchart (02888) fell 1.93%, hang seng bank (00011) fell 1.45%, boc hong kong (02388) fell 1.27%. Overnight, US bank stocks fell across the board, with jpmorgan falling 5.19%. Earlier, jpmorgan president Daniel Pinto said analysts' forecasts for next year's spending and net interest income are too optimistic.
EqualOcean ADR Statistics | September 11th
On Tuesday, the three major stock indexes in the United States rose and fell unevenly, with the Hang Seng Index ADR falling. Calculated proportionally, it closed at 17,140.37 points, down 93.72 points or 0.54% from the close in Hong Kong.
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