The write-downs negatively affected HSBC's share price as investors reacted to the news. Market sentiment shifted due to concerns about the bank's financial health. Share prices dropped sharply amid uncertainty and fear among stakeholders. The impact rippled through the stock market, causing a ripple effect on other financial institutions. Analysts predicted a bumpy road ahead for HSBC as it navigates the aftermath of the write-downs. Investors braced for further volatility as the situation unfolded. Overall, the write-downs had a significant impact on HSBC's share price and raised questions about the bank's future performance.