On June 15, Standard Chartered rose 4.16% at open, trading at HK$208.0/share, with turnover of HK$4.42 million. The rebound follows a roughly 10% pullback since June 4, driven by policy tightening on offshore account openings for mainland Chinese clients.

On the news front, JPMorgan reiterated its Overweight rating on Standard Chartered, estimating that mainland visitor-related business contributes only approximately 2% of the bank's revenue, including wealth management fees and net interest income from deposits. The broker suggested the market has overreacted to the regulatory headwinds, potentially creating a buying opportunity.

Meanwhile, Standard Chartered has maintained an active share repurchase program throughout June, accumulating over 17 million shares repurchased since the start of the month. Individual daily buybacks ranged from approximately GBP 14.6 million to GBP 15.4 million, signaling management confidence in the company's intrinsic value and providing technical support to the share price during the selloff period.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)