Hong Kong Exchanges & Clearing noted the price of HSBC shares continued to fall during the closing auction session -following a significant drop that had taken place during the continuous trading session today.

It will continue to monitor the market activity closely and will report any irregularities it may observe to the Securities & Futures Commission.

Trading turnover of the securities market in the closing auction session totaled $1.25 billion, representing approximately 3.5% of the total trading turnover today.  

HSBC Holdings was the most actively traded security during the session. Its shares' turnover amounted to $391.54 million, or 8.3% of the security's trading turnover for the day.

The price of HSBC shares fell from last Friday's closing price of $43.5 to $37.7 at the end of the continuous trading session today, representing a drop of 13.3%. It continued to fall, to close at $33 at the end of the closing auction session, representing a drop of another 12.5%.

The security's closing price fell a total of 24.1% from the closing price of the previous trading day.