HSBC posts biggest jump since 2009 as China's Ping An Insurance buys

HSBC shares in Hong Kong on Monday rose as much as 9.9 per cent, the biggest intraday gain since April 2009. They were up 10.6 per cent to HK$31.20 as of 3.19 pm in Hong Kong, clawing back last week’s tumble.
 
China’s Ping An Insurance Group, which last week bought 10.8 million shares to boost its stake to 8 per cent, remains confident in HSBC’s long-term prospects, a spokesperson said.