Hong Kong stocks closed on August 23, with the Hang Seng Index falling by 0.16%. Insurance stocks bucked the trend and rose, with Taiping Angel (06699) surging 17% after its performance announcement.

The Hong Kong stock market performed poorly all day, with the three major indexes collectively under pressure and declining. At the close, the Hang Seng Index fell by 0.16% or 28.90 points to 17,612.10 points.

Zhitong Finance05:30 ET

Ping An Insurance's mid-term earnings conference response to market hotspots: future product structure will focus on dividend insurance, increase long-term interest rate bonds, and closely follow the dumbbell combination of national new productive forces.

① In the first half of the year, Ping An Insurance achieved a net income attributable to the parent company of 74.619 billion yuan, a year-on-year increase of 6.8%. ② The net income attributable to the parent company of Ping An Life Insurance and health insurance sector reached 50.6 billion yuan, accounting for nearly 70% of the group's profit. ③ Ping An Asset Management business achieved a net profit of 1.685 billion yuan, a year-on-year decrease of 14.7%.

cls.cn02:37 ET

Hong Kong stocks are active | Insurance stocks rose in the morning, and the China Banking and Insurance Regulatory Commission will guide the industry to timely adjust the pre-determined interest rates for life insurance products.

Insurance stocks rose in the morning, as of the time of publication, China Pacific Insurance (02601) rose 4.72% to HKD 19.54; Ping An Insurance (02318) rose 3.64% to HKD 35.55; China Life Insurance (02628) rose 2.25% to HKD 10.92; New China Life Insurance (01336) rose 2.18% to HKD 15.02.

Zhitong Finance23:47 ET

Hong Kong stocks have seen a surge | Ping An Insurance (02318) rose nearly 3% after its performance announcement. The net income attributable to the parent company in the first half of the year increased by 6.84% year-on-year, and the improvement trend in

Ping An Insurance (02318) rose nearly 3% after the performance announcement. As of the time of writing, it is up 2.77% to HKD 35.25, with a turnover of HKD 1.071 billion.

Zhitong Finance23:04 ET

Hong Kong Shares Fall, Weighed by Risk-Off Sentiment -- Market Talk

WSJ21:42 ET

Ping An Insurance H1 Profit Up 7%, Operating Income Climbs 1%

MT Newswires21:17 ET