On June 10, Standard Chartered Group fell 4.42% in regular trading, trading at 190.0 HKD/share, with trading volume of approximately 37.90 million HKD.

On the news front, recent reports indicate that certain Hong Kong banks have suspended opening offshore investment accounts for mainland Chinese clients, a policy expected to impact banks and insurers reliant on cross-border business from mainland visitors. The stock has declined significantly since June 4, when the selloff in Hong Kong local financial stocks began. In London, Standard Chartered previously tumbled between 5% and 6.3% alongside HSBC and Prudential following the initial reports.

JPMorgan estimates that mainland visitor-related business contributes only approximately 2% to Standard Chartered's revenue, including wealth management fees and net interest income from deposits. The bank believes the market is overreacting and that sustained negative sentiment could create a buying opportunity. Separately, Bank of America recently raised its target price for Standard Chartered to 227 HKD, maintaining a neutral rating, citing management's confident cost guidance targeting a cost-to-income ratio below 57% by 2028.

Among sector peers, HSBC Holdings fell 2.46%, CCB fell 0.12%, China Merchants Bank fell 0.54%, Bank of China fell 0.56%, and ICBC fell 0.29%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)