Hong Kong stocks anomaly | Domestic insurance stocks all fall, China Taiping (02601.HK) drops more than 7%. Institutions point out that the short-term funding impact affects the valuation of insurance stocks.
According to the Wisdom Finance APP, domestic insurance stocks are all falling. As of press time, China Taiping Insurance (02601.HK) is down 7.26% at 28.36 Hong Kong dollars; China Life Insurance (02628.HK) is down 6.53% at 28.04 Hong Kong dollars; New China Insurance (01336) is down 5.26% at 49.36 Hong Kong dollars; China Property Insurance (02328) is down 4.12% at 14.91 Hong Kong dollars.
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