Source:
https://scmp.com/business/investor-relations/stock-quote-profile/article/2106179/hong-kong-stocks-likely-take-heart
Business

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

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

Shares in Hong Kong fell the most in one month on Thursday, led by financials and insurers as US-North Korean relations heated up.

The Hang Seng Index slumped 1.1 per cent, or 313.09 points, to 27,444.00. That was the biggest decline since July 4. The Hang Seng China Enterprises Index slid 1.7 per cent, or 180.40, to 10,782.20, in the biggest drop since March 22.