Hong Kong stocks fell, with the benchmark index retreating from a three-month high, as Tencent Holdings Ltd. declined after a U.S. technology selloff resumed. Hong Kong Exchanges & Clearing Ltd. soared.
China Life Insurance Co., the nation’s largest insurer, said profit more than doubled last year after investment returns improved, reversing two years of earnings declines and in line with its January forecast.
MSCI Inc.’s proposal to include China’s mainland-traded shares in its emerging-market indexes may lure $4.4 billion in funds, with China Merchants Bank Co. and Agricultural Bank of China Ltd. among the top beneficiaries.
Hong Kong stocks fell, with a gauge of Chinese shares listed in the city touching a 20 percent decline from a Dec. 2 peak, after brokerages from UBS AG to Bank of America Corp. cut China growth forecasts amid further signs of an economic slowdown.
China’s stocks rose on their first day of trading after a weeklong holiday as rallies for technology and small-company shares overshadowed manufacturing and services data signaling an economic slowdown.
Chinese stocks rose, sending a gauge of Hong Kong-listed shares to its biggest gain in three months, as JPMorgan Chase & Co. predicted a market rally within weeks and China International Capital Corp. recommended insurers.