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BUZZ-StanChart's HK shares hit 9-year peak on mulling sales of some Africa operations

Reuters
2024/11/28
BUZZ-StanChart's HK shares hit 9-year peak on mulling sales of some Africa operations

** Hong Kong shares of Standard Chartered (StanChart) 2888.HK jump 2.2% to HK$95.90, their highest since August 2015

** Stock on track for the biggest one-day pct rise since Oct. 30

** Standard Chartered STAN.L is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday

** Hang Seng Composite Index tracking financials stocks .HSCIF and Hang Seng Finance Index .HSNF both fall 1.1% while Hang Seng Index .HSI drops 1.4% amid heightened U.S.-China trade tensions

** Standard Chartred's Hong Kong stock up 43.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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