Hsbc Hong Kong Shares Slip To 4: month low after media report on job cuts
BUZZ-HSBC Hong Kong shares slip to 4-month low after media report on job cuts ** Hong Kong shares of HSBC Holdings 0005.HK slip 4.2% to HK$143.6, their lowest level since June 15
** London-listed shares HSBA.L fell 4.4% on Wednesday
** FT reported on Wednesday that HSBC plans deep job cuts in its UK wealth business as part of a broader, AI-driven efficiency push
** "We're continuing to evolve to deliver more digitally enabled products and journeys to support our best-in-class wealth service and meet the changing needs of our customers," the bank told Reuters
** HK shares of rival Standard Chartered 2888.HK fall 5.1% to HK$218.2, the lowest point since July 29, tracking a 4.5% drop in London-listed stock STAN.L on Wednesday
** YTD, HSBC HK stock up 18.1%, London-listed shares up 20%, benchmark Hang Seng Index .HSI down 6.1%
(Reporting by Donny Kwok)
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