** HK shares of HSBC 0005.HK rise 2.3% to HK$87.75, highest since April 2
** Stock set for biggest one-day pct gain since April 23; top pct gainer on Hang Seng Finance Index .HSNF, which is up 0.3%
** London-based HSBC Holdings HSBA.L launches $3 bln share buyback after Q1 profit drops 25% due to one-time charges related to business disposals in Canada, Argentina
** YTD, HK stock gains 15.2%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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