Standard Chartered rose 2.8 per cent on Wednesday after its third-quarter pre-tax profit beat analysts’ expectations. Photo: Bloomberg

Hong Kong, mainland China stocks extend losses to a second day ahead of US Federal Reserve rate decision

  • BYD falls hard after reporting an 88.6 per cent year-on-year profit drop
  • Standard Chartered rises 2.8 per cent after third quarter profit beats expectations
Topic |   China stock market

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Standard Chartered rose 2.8 per cent on Wednesday after its third-quarter pre-tax profit beat analysts’ expectations. Photo: Bloomberg
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Hong Kong, the single biggest source of revenue for Standard Chartered, has slipped into a technical recession last quarter. Photo: Warton Li

Standard Chartered third-quarter profit beats estimates in stark contrast to HSBC woes

  • Standard Chartered, one of three lenders authorised to issue currency in Hong Kong, follows disappointing report card from HSBC this week
  • Surprise gains put London-based lender on course for fourth year of rising profitability since Winters takes helm in 2015
Topic |   Standard Chartered Bank

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Hong Kong, the single biggest source of revenue for Standard Chartered, has slipped into a technical recession last quarter. Photo: Warton Li
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