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CN/ HK Insurers Squeezed Broadly; AIA Slips 3.6%
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Negative
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2021/01/20 14:02
Insurers ebbed back today broadly, especially AIA (01299.HK) which reversed the record-high uptrend yesterday since JPMorgan did not deem the company as the Asian top pick anymore. The local insurer slid 3.6% to last at $105. PING AN (02318.HK), raised as the new Asian top pick, dropped 1.6% to $100.

CHINA LIFE (02628.HK), PICC GROUP (01339.HK) and PICC P&C (02328.HK) waned to $17.88, $2.63 and $6.31.

Related NewsHSBC Research: AIA (01299.HK) Shr Prices In 2021 VoNB Resilience, Restated Hold

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