HSBC shares slide to about 1,350p ahead of results as bank launches RedCoin stablecoin
According to TradingView, HSBC fell from about 1,608p in June to 1,350p ahead of results, while the bank launched RedCoin, a Hong Kong dollar pegged stablecoin.
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what happened
According to TradingView, HSBC (HSBA) shares have dropped from about 1,608p in June to around 1,350p ahead of results. Traders are focused on rising costs, tougher Chinese capital rules, and updates on wealth and private banking performance.
HSBC has also launched RedCoin, a stablecoin pegged 1:1 to the Hong Kong dollar. Wallets have been activated through PayMe for 3.3 million users, who can use it for peer-to-peer transfers and merchant payments.
why it matters
Two points matter for the market: pressure on the shares reflects concerns about costs and capital, while the token launch extends the bank's payment services. Investors will watch whether the results confirm or ease those worries.
market impact
HSBC and Hong Kong banks: cost and capital concerns weigh on the shares before results
tags
instruments
sources
- Key facts: HSBC Holdings (HSBA) slides to ~1,350p; launches RedCoin — TradingView, 24 October 2026 at 07:00 UTC
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