StanC shares set to rise 8 percent after strong London gains

HONG KONG - Shares in Standard Chartered Plc are set to start 8 percent higher on Monday, tracking a similar spike in London. The reason for the sudden jump wasn't immediately known. Standard Chartered's shares were indicated to start at HK$55.05 in Hong Kong, while the benchmark Hang Seng share index .HSI was set to open up 0.3 percent. The London-listed shares of Standard Chartered closed up 7.6 percent on Friday. -Reuters