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Tencent, AAC Technologies pace losses for Hong Kong stocks

Chinese insurers lead H-share index lower, while energy producers slip

HONG KONG (Nikkei Markets) -- Hong Kong shares edged lower on Wednesday as investors appeared to take profits in technology stocks, while Chinese companies listed in the city remained under pressure amid rising borrowing costs in the mainland.

By the noon break, the Hang Seng Index had fallen 0.4% to 29,574.82. Tencent Holdings shed 1.4%, heading for its fifth decline in six days. The index heavyweight's shares have more than doubled this year on upbeat earnings and outlook for its mobile games. Apple-supplier AAC Technologies Holdings lost 1.7% to lead losses on the gauge after a 4.3% jump on Tuesday. Ping An Insurance Group fell 1.2%.

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