China Pacific Insurance tumbles over 8% as insurer sector weakens
China Pacific Insurance (2601.HK) tumbled more than 8% during regular trading to 28.24 HKD, volume 19.43 million shares and value 563 million HKD. The stock opened at 30.20 HKD and touched an intraday low of 28.10 HKD.
The insurance sector came under pressure today with China Reinsurance, China Life, Ping An Insurance, and PICC all falling over 3%. Earlier this month, the company held its 2025 annual general meeting and approved a high-quality development plan for 2026-2028, with proposed cash dividends of about 11.06 billion RMB, up 6.5% year over year. On June 1, Morgan Stanley sold approximately 852,300 shares at around 31.84 HKD per share, reducing its stake to 10.99%.
Source: HK Stock Market Update The copyright of this article belongs to the original author/organization.
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