Hong Kong
HSBC Shares Suspended In Hong Kong
Submitted by Tyler Durden on 03/02/2009 05:03 -0500As DJ50 futures are well into 6 handle territory, more bad news out of Asia: HSBC has been suspended from trading in Hong Kong pending the "announcement of a corporate action." MarketWatch claims the announcement is the revelation of the company's pullback from U.S. consumer lending. As no consumer in the U.S. is borrowing currently, this will likely not be a major financial event.
