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Hong Kong Market extends slide


Hong Kong stock market finished lower in light trading on Monday, 03 May 2021, extending last week losing streak, as investors risk sentiments remains weak after China signalled tightening oversight of internet-platform operators and rising coronavirus cases in the region raised concerns over more curbs and economic pain.
At closing bell, the benchmark Hang Seng Index tumbled 1.28%, or 367.34 points, to 28,357.54. The Hang Seng China Enterprises Index dropped 1.04%, or 112.25 points, to 10,713.
The sub-index of the Hang Seng tracking energy shares dipped 0.1%, while IT, financials and property sectors ended 0.53%, 2.04% and 0.57% lower, respectively.
Investors in Asia-Pacific continued monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections. ....

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Ping An Reports YoY Growth of 8.9% in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2021


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Ping An Reports YoY Growth of 8.9% in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2021
April 22, 2021 GMT
HONG KONG and SHANGHAI, April 22, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group” or the “Company”, HKEX: 2318; SSE: 601318) today announced its first quarter financial results for the three months ended 31 March 2021.
In the first three months of 2021, China achieved strong results in the prevention and containment of the COVID-19 epidemic. Amid steady headline domestic economic recovery, Ping An’s traditional offline business development gradually resumed. However, demand for long-term protection business remained depressed as the underlying domestic economic recovery was not as strong, with domestic discretionary demand still recovering. Ping An adopted various forward ....

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