Wanda Hotel Development shares surged more than 27 per cent after announcing at midnight it will buy property and tourism assets from Wanda chairman Wang Jianlin (seen here). The Hang Seng Index lost 1.59 per cent by lunch, with insurers and banks hurt most. Photo: AFP

Hong Kong, mainland stocks fall, mirroring Wall St drops on North Korea tensions

Insurers led losses, with banks also suffering. Clear exception was Wanda Hotel Development, after hotels deal confirmed

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Wanda Hotel Development shares surged more than 27 per cent after announcing at midnight it will buy property and tourism assets from Wanda chairman Wang Jianlin (seen here). The Hang Seng Index lost 1.59 per cent by lunch, with insurers and banks hurt most. Photo: AFP
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