Europe's largest bank in terms of market value, HSBC Holdings PLC (HSBA), stocks rose on its sixth week in the Hong Kong stock trading. HSBC's third-quarter pretax profit had jumped to 30%.

The pretax profit rose from USD3.48 billion to USD4.53 billion said the London-based lender in a report by Bloomberg. In Bloomberg's survey, the price missed the median estimate of USD5.54 billion. However, the pretax profit in Hongkong had risen to 16% by USD2.07 billion from last year.

Along with other firms, HSBC is being investigated by regulators with regards to trade in the foreign-exchange market. Revenue costs had dropped from 64% to 61% which approached the goal set by Chief Executive Officer Stuart Gulliver by 55%.

Analyst from Sanford C. Bernstein Ltd. stated, "In a subdued revenue environment, management continues to take out costs."

In Hong Kong, HSBC shares had increased to 1.4% which is the highest since September 23.