Standard Chartered shares close 7.6% higher after earnings beat forecast Wealth management and cross-border lending help offset property and geopolitical provisions.

News summary

Standard Chartered’s third-quarter net profit rose 46 per cent as strong growth in wealth management and lower credit impairment buffered one of Hong Kong’s three note-issuing banks from provisions linked to geopolitical tensions. The bank’s shares surged as much as 8.7 per cent….