US Stock Market Move | HSBC Holdings (HSBC.US) fell more than 2% amid reports of plans to cut 20,000 jobs over the next few years.

23:18 20/03/2026

On Friday, HSBC Holdings (HSBC.US) fell more than 2%, closing at $77.42.

On Friday, HSBC HOLDINGS (HSBC.US) fell more than 2%, dropping to $77.42. In terms of news, it has been reported that HSBC HOLDINGS is planning a large-scale layoff in the coming years, with CEO George Elhedry betting on reducing the size of back-end operations through artificial intelligence. Sources disclosed that non-client-facing positions within global service centers are expected to be the most affected, with this adjustment potentially impacting around 20,000 positions, approximately 10% of HSBC's total workforce. Currently, the relevant assessment is still in the early stages.

CF PHARMTECH (02652) expects to achieve a adjusted net profit of approximately 30-35 million yuan in 2025, with stable business operations and continuous progress in innovative research and development.

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IMMUNOTECH-B (06978) released its annual performance report, with a net loss attributable to shareholders of 231 million yuan, an increase of 23.47% year-on-year.

Service business cooling can't hide strong hardware performance! Morgan Stanley: Apple Inc. (AAPL.US) iPhone production increases significantly, shipments may exceed market expectations.

IMMUNOTECH-B (06978) released its annual performance report, with a net loss attributable to shareholders of 231 million yuan, an increase of 23.47% year-on-year.