07.07.2005, 10:47 PM – HONG KONG – Share prices are expected to open lower as the market is likely to be dragged down by HSBC, which fell on the London exchange following a spate of bombings in the city yesterday, dealers said. A sharp fall by HSBC may pull down the benchmark index by as much as 200 points, they said.

In the United States consumer advocates at Household – HSBC Watch said share could be dragged down further amid new questions about predatory lending, side loans, and where the money goes. “These “side loans” are of particular interest as New York Attorney General Sptizer looks at predatory lending. “After interviewing many borrowers we’ve followed the source back to HSBC’s predatory lending company Household FInance Corporation (HFC) said the group.

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