#Latest news with #PostalSavingsBankofChinaCo.Bloomberg30-04-2025BusinessBloombergChinese Bank Shares Slump as Earnings Show Margin, Profit PainShares of Chinese banks slumped following weak earnings, with analysts concerned the global trade war will further undermine their profit. Lenders were the worst performers in the Hang Seng China Enterprises Index after some of them reported a drop in profit and lower margins. Industrial & Commercial Bank of China Ltd. fell as much as 5.1% in Hong Kong, after China's biggest bank saw its net income fall 4% in the first quarter. Shares in China Merchants Bank Co. and Postal Savings Bank of China Co. slid at least 5%.
Bloomberg30-04-2025BusinessBloombergChinese Bank Shares Slump as Earnings Show Margin, Profit PainShares of Chinese banks slumped following weak earnings, with analysts concerned the global trade war will further undermine their profit. Lenders were the worst performers in the Hang Seng China Enterprises Index after some of them reported a drop in profit and lower margins. Industrial & Commercial Bank of China Ltd. fell as much as 5.1% in Hong Kong, after China's biggest bank saw its net income fall 4% in the first quarter. Shares in China Merchants Bank Co. and Postal Savings Bank of China Co. slid at least 5%.
30-04-2025
