The funny part is that China Life Insurance (NYSE:LFC) released operational statistics for September on October 18, after the market close in Hong Kong. LFC Premium Income $41.4 b. in Sept
Given that HKEx is the home market for the company, NYSE reaction was lackluster - it's all understandable. But how come shares of China Life Insurance (HKG:2628) did not collapse in Hong Kong the next day, October 19? Why did they sank a day after, October 20?
It may be that investors turned all gloomy about market outlook. China Life Insurance (NYSE:LFC) derives 15% of its net income from investment related activities. Should stocks markets perform poorly, investment returns will be hurt, no question about that. But even then a 6% decline looks aggressive.