Standard Chartered shares down on confirmation of fines, probe in US
August 8, 2014, 12:00 am TWN
HONG KONG--Shares in Standard Chartered fell on Thursday morning trade in Hong Kong after it confirmed it faces fresh U.S. fines over alleged breaches in its anti-money laundering systems and "disappointing" first half results.
Shares of the London-based but Asia focused bank stood at HK$159.6 (US$20.59) in morning trade at the Hong Kong stock exchange, falling 0.5 percent from Wednesday's closing price. The benchmark Hang Seng Index also fell 0.4 percent.