HSBC share price in focus after Hang Seng buyout clears court — what to watch next
A Hong Kong court approved HSBC’s $13.6 billion plan to privatize Hang Seng Bank, with delisting set for Monday. HSBC shares closed down 1.1% in London, while Hang Seng shares last traded at HK$130.00. Minority shareholders will receive HK$155 per share in cash by Feb. 4. Attention now turns to the Fed’s rate decision midweek.