Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hang Seng Index Volume Surges as AIA Drops on Parent Sale

March 6 (Bloomberg) -- Hang Seng Index share-trading volume surged to more than double its 30-day average as AIA Group Ltd. 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. 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, 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.