BREAKING NEWS
This content is not available in your region

FTSE 100 slips as HSBC sparks sell-off in banking stocks

Access to the comments Comments
FTSE 100 slips as HSBC sparks sell-off in banking stocks
Traders are seen at work at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville/Files   -   Copyright  TOBY MELVILLE(Reuters)
Text size Aa Aa

(Reuters) – A sell-off in financial stocks following an underwhelming earnings update from HSBC kept UK shares in the negative territory on Monday, while confusion around a potential delay to Brexit and a snap election lingered.

The bluechips <.FTSE> were 0.4% lower by 0806 GMT, with HSBC <HSBA.L> responsible for more than half of the index’s fall, while the FTSE 250 <.FTMC> was largely unchanged.

HSBC <HSBA.L> slumped 3%, heading for its worst day in eight months, as its third-quarter profit missed market expectations amid ongoing macro-economic uncertainties including the Sino-U.S. trade war, Brexit and the Hong Kong protests.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.