Hang Seng Index Volume Surges as AIA Drops on Parent Sale

Hang Seng Index share-trading volume surged to more than double its 30-day average as AIA Group Ltd. (1299) resumed trading after its parent sold a stake at a discount.

About 3.9 billion shares of companies in the Hong Kong benchmark index as of the 4 p.m. local time close, with AIA accounting for almost half after American International Group Inc. (AIG) sold a $6 billion stake at HK$27.15. The shares, which were suspended yesterday, last traded at HK$26.90, 7.9 percent below their March 2 close of HK$29.20.

Turnover on the Hong Kong exchange jumped to the highest since November 2010 (HKTURN), according to data compiled by Bloomberg.

To contact the reporter on this story: Nick Gentle in Hong Kong at ngentle2@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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