HSBC buoys markets with profits increase

HSBC Holdings (0005) stirred the market yesterday with a first half net profit of four per cent growth to US$3.67bln (HK$28.62bln). HSBC Corp reported a net profit of HK$14.21bln, up 8.8 per cent, when Hang Seng Bank reported a slower growth of 3.5 per cent to HK$5.37bln.

Related stock : (5)