HK Stock Market Move | HSBC HOLDINGS (00005) fell more than 5% in the afternoon; third-quarter reported profit before tax rose 32%, slightly below expectations.
HSBC HOLDINGS (00005) plunged in the afternoon, with its share price hitting a new low since June this year. As of press time, it fell 5.06% to HK$135, with a turnover of HK$2.145 billion.
HSBC HOLDINGS (00005) plunged in the afternoon, with its share price hitting a new low since June this year. As of press time, it fell 5.06% to HK$135, with turnover of HK$2.145 billion.
On the news front, HSBC HOLDINGS announced its third-quarter 2026 results at midday, with reported profit before tax of US$9.6 billion, up 32% year-on-year, slightly below the market estimate of US$9.7 billion; revenue increased by US$800 million from the third quarter of 2025 to US$18.6 billion, below the market estimate of US$18.93 billion. At the same time, HSBC HOLDINGS announced plans to launch a share buyback to purchase ordinary shares with a total value of up to US$1 billion. The share buyback is expected to commence shortly after the announcement of the third-quarter 2026 results and be completed before the announcement of the full-year 2026 results.
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