HSBC Shares Drop Due To Choppy Emerging Markets


Published 02/24 2014 12:27PM

Updated 02/24 2014 12:30PM

Struggling emerging markets have caused one of the world's biggest banks to suffer a drop in earnings.

Shares in HSBC fell by nearly six percent in London trading before posting a slight recovery.

This comes after the bank reported slower-than-expected growth in 2013 profit.

The international bank is distinctive because it focuses in Asia and emerging markets.

However, growing concerns over those markets since last year have hit investor confidence.

That's led them to pull their money out and put it in what they believe are safe havens like us bonds.

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