Stock market abnormal movement | Afternoon surge of domestic insurance stocks, China Pacific Insurance (02318.HK) surges over 5%, institutions say that the industry cycle has officially improved.

According to the Zhitong Finance APP, insurance stocks rose in the afternoon. As of the time of publication, China Ping An (02318.HK) rose by 5.03% to 59.5 Hong Kong dollars; China Taiping (02601.HK) rose by 4.04% to 33 Hong Kong dollars; China Life (02628) rose by 3.66% to 27.74 Hong Kong dollars; New China Life (01336) rose by 3.03% to 48.3 Hong Kong dollars; and China Property Insurance (02328) rose by 1.12% to 17.19 Hong Kong dollars.