Dec 3, 2020
HSBC share price rockets 50% since its 25-year low
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. Headquartered in London, more than half of HSBC's profits come from Asia. Incumbent Donald Trump has been keeping the pressure on China, and on Wednesday the Senate passed a bill that places restrictions on Chinese firms listing in the US. HSBC is currently pushing ahead with major restructuring of its global banking operations. In September, HSBC's share price fell to its lowest level since 1995 amid allegations of money laundering.
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