Hong Kong Stock Market Anomaly | Hong Kong bank stocks rise in the afternoon, with Standard Chartered and HSBC exceeding expectations in post-tax performance Banks will gradually push up interest rates as total reserves decline.

According to the Wise Finance APP, Hong Kong bank stocks rose in the afternoon. As of the time of publication, Standard Chartered Group (02888.HK) rose by 4.09% to 147.7 Hong Kong dollars; Bank of East Asia (00023.HK) rose by 2.32% to 12.78 Hong Kong dollars; HSBC Holdings (00005.HK) rose by 1.96% to 98.9 Hong Kong dollars; Hang Seng Bank (00011) rose by 1.77% to 115.1 Hong Kong dollars.