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HSBC share price rockets 50% since its 25-year low – BBC News
Investors feel the UK’s biggest bank’s outlook has improved after slumping in September.
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HSBC has seen its share price rocket more than 50% since it hit a 25-year low in September.
The UK’s biggest bank has been under increasing regulatory and economic pressure in its key markets, including Europe and Asia.
But since September its fortunes have changed with its shares rising by more than 50% in Hong Kong and 48% in London, where it is listed.
Headquartered in London, more than half of HSBC’s profits come from Asia.
Although this quarter has been a strong…
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