09 Oct 2025 | 3 Mins Read
European shares slide on HSBC's Hang Seng stake sale
Flipitmoney
HSBC's proposal to privatize Hang Seng Bank triggered a 6.6% decline and a 1.2% loss in the broader banking sector, while the pan-European STOXX 600 remained near an all-time high at 573.4 points, influenced by a 1.4% gain in basic resources and 0.4% growth in technology stocks, led by France's Alten and Burberry.