New ETF Book by Larry Connors - Click here to read more
At 10:20, the stock was down 3.2 hkd or 3.5 pct at 89.10.
Loan impairment charges for all the group's personal finance services operations in the US -- HSBC Finance and HSBC USA -- rose by 700 mln usd to 4.3 bln usd in the third quarter from the preceding quarter, the UK-based lender said.
It attributed the increase primarily to higher provisions for credit losses arising from real estate and credit card lending.
The bank also said the group's pre-tax profit for the third quarter to September was ahead of the year-earlier level, but pre-tax earnings for the first nine months of the year were lower than a year earlier. It gave no actual figures.
(1 usd = 7.8 hkd)
george.ng@xfn.com
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