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HSBC Hong Kong shares up 1.5 percent after first-quarter profit beats estimates
May 4, 2017 / 8:44 AM / in 3 months

HSBC Hong Kong shares up 1.5 percent after first-quarter profit beats estimates

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HONG KONG (Reuters) - HSBC Holdings' (HSBA.L) Hong Kong shares were up 1.5 percent after its first-quarter profit before tax and core capital ratio exceeded analysts' expectations.

HSBC said pretax profit for the first three months of the year fell to $5 billion, down from $6.1 billion a year ago, but better than the $4.3 billion average of analysts' estimates compiled by the bank.

Reporting by Sumeet Chatterjee and Donny Kwok; Editing by Edwina Gibbs

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