HSBC Beats Estimates as Hong Kong Halts Commercial Land Sales; Trump Sets SOTU Record

Key TakeawaysHSBC (HSBC) reported a strong fiscal year 2025, with pretax profits reaching $29.91 billion, surpassing analyst estimates of $28.86 billion.The Hong Kong government announced a complete halt to commercial land sales for the 2026-27 financial year to help the market absorb a surplus of office space.The People's Bank of China (PBOC) successfully auctioned 50 billion yuan in bills in Hong Kong, with 1-year yields settling at 1.47%.JP Morgan lowered its price target for HP Inc (HPQ) to $19, reflect ...