HSBC Slumps as Trump Advisors Weigh Moves to Punish Hong Kong Banks

The US is considering measures to destabilize the currency peg to the US dollar as a way to punish banks in Hong Kong, with HSBC being a significant target due to its substantial income from the city. Political tensions have risen, especially after comments from US officials like Mike Pompeo. The US administration is exploring ways to limit Hong Kong banks' access to US dollars, but these proposals face strong opposition as they could harm the US financial system more than China. HSBC has declined to comment on these developments.

How did the US administration's viewpoint affect HSBC according to the text?

What was HSBC's response to the situation discussed in the text?