🔴 HSBC is trading 3.1% down as direct cause remains unconfirmed

HSBC is trading 3.1% down at $96.23; the direct cause of the decline remains unconfirmed.

• HSBC’s official releases list no new company announcement for October 1; its next interim-results date is October 27.
• Sharply higher Treasury yields after stronger-than-expected U.S. GDP may be weighing on financial stocks. Major-index readings are modestly positive and do not confirm a broad-market selloff.