The banking sector has been struggling recently amid record low global interest rates and banking stocks trailed the global stock market rally. For the HSBC (HSBA.UK) it is a double trouble as the bank has large exposure to Asia – nearly 50% of revenues came from this region in 2019. Tougher China stance on Hong Kong spoiled market moods on Friday and businesses with significant exposure to the region are particularly hit. As a result the stock fell to the lowest level since 2009, more than 50% from a 2018 high.

Ross Stores: "Only" good earnings, or a recession signal?
US OPEN: The market takes a shallow breath after intervention in US debt
Market Wrap: European Indices Rise, CTS Eventim Falls After Earnings 🚩 Metals Gain Amid Bond Market Strains
Daily Summary: Dollar Recovers Losses, Oil Near 3-Week Highs 🗽 US30 Falls 1%