HSBC Erases Hong Kong Decline on $2.5 Billion Buyback: Chart

HSBC Plans $2.5 Billion Buyback as Profit Falls 45%

HSBC Holdings Plc has reversed earlier losses in Hong Kong. Shares were down as much as 2.1 percent but turned higher as the afternoon trading session got underway after the lender announced plans to buy back $2.5 billion in shares.

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