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Stephen Seawright

HSBC lost 50 cents yesterday to close at $96 ahead of the start of trading in the stock in New York last night.

 The listing in New York is expected to give the company greater exposure to international investors.

 Yet analysts said yesterday that the listing was not expected to lift HSBC's share price substantially as the benefits had already been factored in since it was announced in February.

 'It will not have much impact at its present level,' said OSK Securities research manager Alex Wong.



HSBC loses 50 cents