Stock Movers | HSBC and Standard Chartered Jump by More Than 0.5% as the US and Iran Temporarily Suspend the Ceasefire, Easing Concerns Over Risks in the Middle East

SighingCashier · 2026-04-08T03:35:42+00:00

The United States and Iran agree to a two-week ceasefire, leading to a sharp rally of over 0.5% in the share prices of the two European banks with the greatest Middle East risk exposure, HSBC Holdings(00005) and Standard Chartered(02888).HSBC temporarily rises up to 6.5%, reaching a high of 138.4 HKD. As of 10:15 a.m., it is quoted at 136.7 HKD, up 5.2%, with a turnover of 1.54B HKD.Standard Chartered rises nearly 7% at its peak, reaching 174.9 HKD. The latest price is 172.7 HKD, up 5.6%, with a turnover of 158 million HKD.JPMorgan Chase released a report last month stating that HSBC and Standard Chartered are the European banks with the largest Middle East risk exposure, contributing 4% and 12% respectively to their pre-tax profits in the region.JPMorgan pointed out that other European banks have limited risk exposure in the Middle East. Overall, providing support to companies most affected by rising energy costs.

SighingCashier

2026-04-08 03:35:42

The United States and Iran have agreed to a temporary ceasefire for two weeks, sending the share prices of two of Europe’s biggest banks with the largest exposure to risk in the Middle East—HSBC Holdings (00005) and Standard Chartered (02888)—surging by more than half a percentage point.

HSBC rose as much as 6.5%, reaching a high of 138.4. As of 10:15 a.m., it was at 136.7, up 5.2%, with turnover of HK$1.54B.

Standard Chartered rose by nearly 7% at most, reaching a high of 174.9. Its latest price was 172.7, up 5.6%, with turnover of HK$158 million.

JPMorgan Chase said in a report last month that HSBC and Standard Chartered are the European banks with the largest exposure to risk in the Middle East, and that the region contributes 4% and 12%, respectively, to the two banks’ pre-tax profits.

JPMorgan noted that other European banks have only limited exposure to risk in the Middle East. Overall, loans extended to companies most likely to be affected by rising energy costs account for about 13% of the total loan balance of Europe’s banking sector. These energy-linked industries include agriculture, forestry and fishing, manufacturing, construction, as well as transportation and warehousing.

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