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ChinaAMC Shanghai-Hong Kong Tong Hang Seng ETF
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HSBC Says Stock Market All Clear for Year-End Rally – Calls November’s Sell-Off a ‘Non-Fundamental Dip’

A top analyst at banking giant HSBC says November’s market correction most likely handed bulls an opportunity.In a new interview with CNBC, HSBC’s chief multi asset strategist Max Kettner says that the market dip last month made little fundamental sense, and brought many assets back into the “buy” territory” based on the bank’s metrics.

The Daily Hodl·
UK
HSBA
0.00%
US
HSBC
-0.99%
HK
00005
-0.45%
The Daily Hodl·
UK
HSBA
0.00%
US
HSBC
-0.99%
HK
00005
-0.45%

Hsbc Holdings PLC Purchases 8,663 Shares of CommVault Systems, Inc. $CVLT

HSBC Holdings PLC increased its stake in CommVault Systems, Inc. by 218.4% in Q2, owning 12,630 shares worth $2,223,000. CommVault's stock is largely held by institutional investors. Recent insider sales include Gary Merrill and CFO Jennifer Leigh Dirico. CommVault's Q3 earnings missed estimates, reporting $0.91 EPS. Analysts have mixed ratings, with Truist Financial setting a buy rating and Wall Street Zen downgrading to hold.

Market Beat·
US
CVLT
-0.29%
HK
00005
-0.45%
US
HSBC
-0.99%
Market Beat·
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CVLT
-0.29%
HK
00005
-0.45%
US
HSBC
-0.99%

Hsbc Holdings PLC Acquires Shares of 30,501 UL Solutions Inc. $ULS

HSBC Holdings PLC acquired 30,501 shares of UL Solutions Inc., valued at approximately $2,219,000, during the second quarter. Other institutional investors also modified their holdings. Analysts have mixed ratings on UL Solutions, with a consensus rating of "Hold" and an average price target of $81.71. UL Solutions reported strong quarterly earnings and announced a dividend of $0.13 per share.

Market Beat·
UK
HSBA
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HK
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-0.45%
US
HSBC
-0.99%
Market Beat·
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HSBA
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-0.45%
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HSBC
-0.99%

Mainland China’s bank apps the best in Asia, beating Hong Kong and Singapore, study says

Mainland China's mobile banking apps, including Ping An Pocket Bank, China Merchant Bank, and ICBC, are ranked the best in Asia according to a study by Sia. Despite this, Asian banks still lag behind European counterparts in mobile experience. The study assessed 137 apps globally, highlighting the competitive pressure in China from non-bank players like Alipay and WeChat Pay. European apps lead globally due to faster tech adoption. Future Hong Kong apps are expected to align more with mainland standards due to increasing mainland population in Hong Kong.

南华早报·
US
PNGAY
+7.11%
HK
02318
+6.71%
SH
601318
+5.88%
南华早报·
US
PNGAY
+7.11%
HK
02318
+6.71%
SH
601318
+5.88%

HSBC bans Christmas jumpers over fears it could trigger customers

HSBC has banned staff from wearing Christmas jumpers, citing concerns over professionalism and sensitivity in customer interactions. The bank encourages other festive celebrations, like decorating branches and team lunches. The decision is not related to cultural sensitivities. HSBC has shifted to more casual uniforms, reflecting a new look for its branches. The bank has committed to no new branch closures until at least 2026.

The telegraph·
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HSBC
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HK
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-0.45%
UK
HSBA
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The telegraph·
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HSBC
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-0.45%
UK
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