Why HSBC Stock Got Rocked Today

The investment-banking sector across the Pacific Ocean isn't exactly thriving.There's apparently trouble on the Eastern front for global banking conglomerate HSBC (HSBC -2.27%), and investors are clearly concerned. On news of layoffs in two major Asian markets, they traded out of the company's stock, to the point where the bank's U.S.-listed shares lost more than 2% of their value.Pink slips coming?HSBC is in the process of laying off a clutch of workers in its investment-banking operations in two of the co ...