In Asia Monday, Hong Kong’s Hang Seng Index fell 1.2%, dragged down by banking shares after news broke that five Taiwanese lenders are suing HSBC over its involvement with a Ponzi scheme. China’s Shanghai Composite Index slid 0.5% and in Japan the Nikkei 225 Index remained virtually unchanged.
Continue reading HSBC Lawsuit Drags HK Banking Shares Lower
HSBC Lawsuit Drags HK Banking Shares Lower originally appeared on DailyFinance on Mon, 18 Oct 2010 07:15:00.