Li Ning Stock Sheds 1.9% in Hong Kong, Underperforms Competitors

Dow Jones10-29

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

Shares of Li Ning Co. Ltd. slipped 1.9% to 13.28 Hong Kong dollars on what proved to be an all-around grim trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.6% to 22958.65.

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

Li Ning Co. Ltd. closed 43% short of its 52-week high of HK$23.42, which the company reached Feb. 25.

The stock underperformed when compared to some of its competitors, as Win Hanverky Holdings Ltd. remained unchanged and China Dongxiang Group Co. Ltd. rose 2.1%.

Trading volume totaled 24.7 million shares, compared to the 50-day average of 25.8 million shares.

Data source: Dow Jones Market Data, FactSet

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