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HSBC stocks hit 25-year low

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Hong Kong, Sep 21 (EFE/EPA).- Shares of British banking giant HSBC, listed at the Hong Kong stock exchange, on Monday closed at their lowest level since 1995 after multiple media outlets published reports about an investigation that revealed that the bank allowed millions of dollars to be transferred in fraudulent transactions. The bank's share price closed at HK$ 29.3 ($3.78) on Monday, a 52 percent slump compared to the beginning of the year and 81 percent lower than its highest level reached in 2007, just before the global financial crisis. The Hong Kong exchange witnessed HSBC shares lose 5.33 percent of their value within Monday. (Camera: JEROME FAVRE).SHOT LIST: GENERAL VIEW OF A HONG KONG AND SHANGHAI BANK (HSBC) BRANCH IN HONG KONG.

Added on the 21/09/2020 14:00:00 - Copyright : EFE Inglés

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