SFC confirms HSBC shares probe
11-03-2009
The Securities and Futures Commission has confirmed that it's launched an investigation into the trading of HSBC shares during the closing auction session on Monday. The commission said it would look into whether HSBC's closing price was the result of any manipulation, or whether anyone had breached the watchdog's code of conduct by distorting the market. HSBC suffered its worst drop in more than two decades, falling 24 percent to HK$33. The share has since partially recovered.
