Bloomberg
HSBC Shares Surge on Dividend Bets as Turnaround Gains Steam
(Bloomberg) — HSBC Holdings Plc shares surged as much as 8% in Hong Kong trading on optimism Europe’s biggest lender may soon resume paying dividends as a turnaround gathers speed.The shares rose 6.8% to HK$42.45 as of 11:54 a.m. in Hong Kong, paring this year’s decline to 30%. They gained 4.1% in London on Tuesday.“This is mainly due to the change in market expectation, as HSBC’s operating conditions aren’t as…
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