AIA Group Stock Sheds 5.9% in Hong Kong, Underperforms Competitors

Dow Jones08-06

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of AIA Group Ltd. slipped 5.9% to 73.15 Hong Kong dollars on what proved to be an all-around rough trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.5% to 25530.28.

This was the stock's fifth consecutive day of losses.

AIA Group Ltd. closed 21% short of its 52-week high of HK$92.15, which the company achieved April 8.

The stock underperformed when compared to some of its competitors, as Manulife Financial Corp. fell 2.1% and China Life Insurance Co. Ltd. fell 0.8%.

Trading volume totaled 97.7 million shares, compared to the 50-day average of 36.8 million shares.

Data source: Dow Jones Market Data, FactSet

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