HK) is facing a significant setback as its shares tumbled nearly 9% in early trading following a $3 billion hit to its operations in China. The global bank reported an 80% decline in quarterly profit due to the substantial impact of this financial blow.

This alarming development has raised concerns among analysts, with some criticizing the company's unclear guidance for the future. Jefferies described the results as messy, while Morgan Stanley warned that the lower-than-expected final dividend could further weigh on the stock in the short term.

HSBC's reported revenue also took a hit, decreasing by 11% to $13 billion. The decline was attributed to various factors, including impairments related to the sale of retail banking operations in France and disposal losses associated with repositioning and risk management activities.

Market experts, including Yahoo Finance Anchors Brad Smith and Seana Smith, have been closely monitoring the situation, emphasizing the significance of this financial blow to HSBC and its potential implications for the company moving forward. As the bank grapples with the fallout from its operations in China, investors are closely watching how HSBC navigates these challenges and implements strategies to restore profitability and investor confidence.