Lo Chun Hong: HSBC Breaks Below Uptrend as Uncertainty Grows

HSBC Holdings (0005) fell sharply after announcing its third-quarter results on Tuesday, dropping 5.56 per cent in a single day to close at $134.3, with turnover surging 227.47 per cent from its usual level. Lo Chun Hong noted that the price structure after the sharp drop on heavy volume is markedly different from previous instances and warrants attention.