09:01 AM EDT, 05/20/2026 (MT Newswires) -- Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower.

Oversea-Chinese Banking handily outbid rivals in a recent deal to acquire the retail and wealth assets of HSBC ( HSBC ) in Indonesia, Bloomberg News reported, citing people familiar with the matter. Shares of HSBC ( HSBC ) were up 1.6% pre-bell.