HSBC, StanChart results to show HK protests are starting to gnaw


HSBC will report its third-quarter earnings on Monday, and StanChart on Wednesday

HONG KONG/LONDON: HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for the two banks, when they report quarterly earnings next week.

Five months of political turmoil in the Chinese-ruled territory are set to weigh on the two London-headquartered lenders' credit growth and asset quality in the near to medium term, people with knowledge of the matter said.

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