HSBC Shares Climb as Release of Huawei Exec Seen Easing Sino-US Tensions


Source: asiafinancial.com asiafinancial.com

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Release of Meng Wanzhou may signal thaw in chilly US-China ties, brings relief to global bank at centre of storm Hong Kong-listed shares of HSBC rose by the most in four months on Monday as the release of an executive at telecoms company Huawei fuelled hopes the global bank would benefit from an easing in tensions between the US and China. Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday ending her near three-year US extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home. Meng, the daughter of Huawei Technologies...