** Hong Kong shares of HSBC Holdings PLC fall 4.4% to HK$45.10, the biggest intraday percentage decline since Sept. 21, 2020; shares are on course for a second session of fall
** Stock sinks to the lowest since April 27; the biggest percentage decliner in Hang Seng Finance Index and the second biggest decliner in the benchmark Hang Seng Index
** HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 bln for the British bank but end its long struggle to dispose of the business as it focuses on Asia
** The deal announced on Friday sees HSBC take another significant step in a wider retreat from slow-growing European and North American markets where it has struggled against larger domestic players
** The Hang Seng Finance Index drops 2.2% to the lowest since Feb. 1, and the benchmark index falls 1.1%
** As of last close, the Hong Kong-listed stock had surged 15.8% this year
