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HSBC Falls Most Since May as Greece Weighs on Asian Banks

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HSBC Holdings Plc shares fell the most in eight weeks, pacing declines among bank stocks in Asia, as speculation mounted of a possible Greece exit from the euro region that would destabilize Europe’s currency union.

HSBC, which made about a third of its 2014 revenue in Europe, lost 2 percent to HK$70.55 as of 2:29 p.m. in Hong Kong, its biggest intraday drop since May 4. Japan’s Topix Banks index tumbled the most in 13 months, while Australia’s four biggest lenders lost at least 2 percent each.