Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBCs international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Companby has listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

            Red = 25 day moving average.           Green = 200 day moving average.

more than 15% down in the same day, with no news why. other banks are down but in much less %.

I can only assume it is a hedge fund forced selling.

I don't believe HSBC is in trouble

it's to do with fears of the impact of recession etc in emerging nations and F/E where HSBC has large exposure

I guess so, thanks anyway for your input

Why should HSBC be any different to other banks following the credit crunch and don't forget their massive exposure to property lending in the far east especially in Hongkong.

because they were seemingly that much more prudent than many others ..... and that is propobly indeed the case, even if they are not immune

They weren't very prudent in the US when they were the first to buy a sub prime mortgage bank for us$billions.

So the far east property is the case, the share price is going down so much, any idea for how much will go down?. thanks.

HSBC falls after Goldman cuts to 'sell'

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Shares in HSBC fall 4.8 percent, making them among the top losers on the FTSE 100, after Goldman Sachs downgrades Europe's biggest bank to 'sell' from 'neutral' and slashes its price target to 650 pence from 950 pence.

The broker says in a report on Euoropean banks that recent actions by policymakers across the globe has eroded the outperformance of HSBC, which has relatively strong liquidity and capital position.

'Our fundamental view on the sector is that the focus will move from liquidity concerns to on balance sheet lenders as the credit cycle deteriorates, which is where our key concern exists for HSBC. If the market continues to focus on franchise strength and ignores underlying earnings trends, then HSBC is likely to continue to outperform,' Goldman says.

Trust GS to put the boot in..

Not before they added a significant short position no doubt

anyone think HSBC in trouble? the dropping SP would appear to be in 'sympathy' with the other banks but not quite to the same extent. I am still holding.
Alex

We would be very cautious HSBC has still big exposure to sub prime in the US business in China/Hongkong is crashing as are property values, the question is have they come clean on their need to make more massive provisions for bad debts? As we have seen with Citigroup the bigger you "were" the harder you fall.

It seems not, but never know, 2ed March 09 will give a clearer pic the sp might drop little more

next stop 3.

added today... 600p soon

???????????!!!!!!!!!!!!!!!

Halifax, you are right, HSBC is going cap in hand now. Funds are in jeopardy.

300p or below on the cards now within the next few days.

justyl all depends on tomorrows reaction in Hongkong certainly results are very disappointing and with the rebasing of next years dividend the initial market reaction is likely to be negative.We calculate an ex rights sp around 350p but with further negative reaction to come sp may even fall to the rights price of 254p.

DOWN 97p to 394p ONLY?