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denial_1 October 20, 2011 (Chinavestor) Not quite oversold Changyou.com Ltd. (NASDAQ:CYOU) bounced back up while the bottom fell off for China Life Insurance (NYSE:LFC) by noon today. In fact, China Life Insurance (NYSE:LFC) fell the most among China stock of market cap over $250 million.

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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.



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