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LONDON, Feb 25- The Australian dollar slipped on Tuesday as a fall in China's yuan deepened, reflecting concern over growth and moves by the People's Bank of China to prod the currency lower. The Aussie is the nearest developed world currency to a proxy for growth in China, which takes much of Australia's commodities output.
LONDON, Feb 25- Turkey's lira hit two-week lows versus the dollar on Tuesday while stocks fell 3 percent after the latest twist in a government corruption scandal, while concerns about Chinese yuan moves weighed on other emerging assets.
*China spot yuan drops below guidance rate first time since 2012. LONDON, Feb 25- The Australian dollar fell around a third of a percent on Tuesday, handing back overnight gains as a fall in China's yuan deepened, reflecting concern over growth and moves by the People's Bank of China to prod the currency lower.
*Industrial Bank partially halts funding ahead of more policy. HONG KONG, Feb 25- China shares hovered at their lowest in more than two weeks early on Tuesday, limiting gains in Hong Kong, with property developers staying under pressure as fears lingered the government would impose more lending curbs on the sector.
*Euro STOXX 50 also rise. *Spain gets boost from Moody's. LONDON, Feb 24- Demand for Spanish equities helped European shares to six-year highs on Monday, but weaker-than-expected results from HSBC and a disappointing outlook from Volkswagen capped the gains.
European stocks closed higher on Monday, boosted by a strong demand for Spanish shares after the country was upgraded by Moody's Investors Service.
*FTSEurofirst 300, Euro STOXX 50 rise. *Spain gets boost from Moody's. LONDON, Feb 24- Demand for Spanish equities helped European shares to extend their rally on Monday to six-year highs, but worse-than-expected results from HSBC and a disappointing outlook from Volkswagen capped the gains.
*HSBC upbeat on emerging mkts but says 2014 may be volatile. LONDON, Feb 24- HSBC missed market expectations with a 9 percent increase in annual profit and warned of greater volatility in emerging markets this year, sending shares in Europe's biggest bank to a 15- month low.
*Wall Street seen opening higher. LONDON, Feb. 24- European stocks rose and the euro strengthened against the dollar on Monday as a surprise improvement in German business morale added to optimism over the euro zone's recovery, although worries over credit tightening in China kept investors wary.
Some of the names on the move ahead of the open.
*About 5.6 bln euros wiped off Volkswagen's market cap. PARIS, Feb 24- European shares were steady around midday on Monday as worse-than-expected results from HSBC and a disappointing outlook from Volkswagen took the wind out of the sails of the market's recent rally.
LONDON- HSBC reports a 9 percent increase in annual pretax profit, which misses market expectations, and warns of greater volatility in emerging markets this year, sending its stock price sharply lower. Volkswagen shares plunge on outlook, Scania deal.
After a most choppy session, Asian stocks closed lower on the first trading day of the week.
Shares in HSBC fell over 5 percent on Monday as pretax profit disappointed for full-year 2013, coming in at $22.6 billion.
LONDON, Feb 24- HSBC reported a 9 percent increase in annual pretax profit on Monday, which missed market expectations, and warned of greater volatility in emerging markets this year, sending its stock price sharply lower. Chief Executive Stuart Gulliver's warning of choppy markets this year sent HSBC's shares down more than 4 percent in mid-morning trade.
Filippo Alloatti, senior research analyst at Hermes Fund Managers, discusses HSBC's weaker-than-expected results and says the management is correct to highlight the "choppy road ahead."
*Industrial Bank may have halted property loans- official Shanghai newspaper. HONG KONG, Feb 24- China shares suffered their biggest loss in seven weeks on Monday, hurting Hong Kong markets, after mainland news reports stoked fears that banks have tightened loans to property developers.
Chris Skinner, CEO of Balatro, says HSBC has been selling off business in risky countries and is no longer the global bank it once was.
*China Vanke tests 5- year low; cement, banks dive too. HONG KONG, Feb 24- China shares tumbled to their lowest in two weeks early on Monday, hurting Hong Kong markets, roiled by mainland news reports saying banks have begun tightening property loans.
*HSBC releases 2013 results at 0815 GMT on Monday. LONDON, Feb 23- HSBC's profits are expected to rise by almost a fifth to $24 billion for 2013 as it benefits from a cost-cutting drive that spans managing its documents more efficiently to telling staff to use business class air travel less.