(Bloomberg) — HSBC Holdings Plc rose the most intraday in more than three years after last week hitting the lowest in quarter of a century and its biggest shareholder raised its stake in the embattled lender.A unit of Ping An Insurance Group Co. revealed in an exchange filing that it last week bought 10.8 million shares of HSBC, bringing its stake to 8% and cementing its place as the largest shareholder. Ping An purchased the shares at an average HK$28.2859 apiece.HSBC shares on Monday rose as much as 6.4%, the biggest intraday gain since June 2017, clawing back some of …read more
Source:: Yahoo Finance
