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Nikkei Markets

Hong Kong shares slide as virus cases outside China multiply

Ping An Insurance declines after drop in January premium income

The Hong Kong stock exchange's flag

HONG KONG (Nikkei Markets) -- Hong Kong shares slid by midday on Monday, as risk sentiment weakened after a surge in new coronavirus cases outside of China.

The Hang Seng Index fell 1.5% to 26,903.84 by noon. Among heavyweights, Tencent Holdings and AIA Group dropped 2.2% and 2%, respectively. Ping An Insurance Group lost 2.1% after the company reported a 13% decline in January accumulated gross premium income for its life insurance and health insurance business.

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