HSBC's Hong Kong shares rise most in four months, peers gain

Boc Hong Kong Holdings

27/09/2021 06:02

(Add analyst comment, stocks move)
    ** Hong Kong-listed shares of HSBC  0005.HK  rise as much as
3.5% to HK$41.10 in their biggest intraday pct gain since May 28
    ** Stock hits its highest since Sept. 14; second-biggest pct
gainer in the Hang Seng Finance Index  .HSNF  and the Hang Seng
Composite Index tracking financials stocks  .HSCIF  
    ** Huawei CFO Meng Wanzhou flew home to China on Friday
after reaching an agreement with U.S. prosecutors to end the
bank fraud case against her, relieving a point of tension
between the two economic powerhouses   urn:newsml:reuters.com:*:nL1N2QQ1J5 urn:newsml:reuters.com:*:nL1N2QQ17Y
    ** Meng was arrested at Vancouver International Airport on a
U.S. warrant, and indicted on bank and wire fraud charges for
allegedly misleading HSBC  HSBA.L  in 2013 about the
telecommunications equipment giant's business dealings in Iran
    ** "Anticipation that the bank's mainland business may
benefit from the easing tension provides an additional support
to HSBC," said Linus Yip, chief strategist at First Shanghai
Group, adding bank stocks mostly firmer as U.S. Treasury bills
rise 
    ** The 10-year Treasury  US10YT=TWEB  is at its highest
since early July at 1.46%  urn:newsml:reuters.com:*:nL4N2QT04V
    ** Shares of BOC Hong Kong  2388.HK  rise 1.6%, Hang Seng
Bank  0011.HK  gains 1.1%, and Standard Chartered's Hong Kong
stock  2888.HK  climbs 0.1% 
    ** The Hang Seng Composite Index gains 0.6%, the Hang Seng
Finance Index rises 0.7% and the benchmark index  .HSI  up 0.3%

    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))