Matthews International Capital Management LLC Cut Position in Hsbc Hldgs Plc (HSBC) by $6.50 Million

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Matthews International Capital Management Llc decreased its stake in Hsbc Hldgs Plc (HSBC) by 4.76% based on its latest 2018Q3 regulatory filing with the SEC. Matthews International Capital Management Llc sold 132,700 shares as the company’s stock declined 5.83% with the market. The institutional investor held 2.66M shares of the savings institutions company at the end of 2018Q3, valued at $131.32M, down from 2.79M at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Hsbc Hldgs Plc for a number of months, seems to be less bullish one the $165.21B market cap company. The stock decreased 0.65% or $0.27 during the last trading session, reaching $41.15. About 981,533 shares traded. HSBC Holdings plc (NYSE:HSBC) has declined 17.23% since January 14, 2018 and is downtrending. It has underperformed by 17.23% the S&P500.

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