AIA Group Stock Slides 3.0% in Hong Kong, Underperforms Competitors

Dow Jones08-14

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

Shares of AIA Group Ltd. slid 3.0% to 70.40 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 1.1% to 25116.85.

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

AIA Group Ltd. closed 24% 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. rose 0.1% and China Life Insurance Co. Ltd. fell 2.9%.

Trading volume totaled 39.3 million shares, compared to the 50-day average of 36.9 million shares.

Data source: Dow Jones Market Data, FactSet

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