HSBC stock price slips into holiday-shortened week as investors eye Singapore insurance review
HSBC’s U.S.-listed shares closed at $82.53 on Friday, down 0.4%. The bank launched a strategic review of its Singapore insurance business, sending Hong Kong shares up 2%. U.S. banks faced pressure from policy concerns and the S&P 500 financial sector posted its sharpest weekly drop since October. HSBC’s next results are due Feb. 25.