Prudential Shares Bounce with Hong Kong Sales Back in Spotlight on China Capital Concerns
Prudential plc shares rose 4.60% to 968.84p in London morning trading Thursday, rebounding after a sharp fall linked to China’s crackdown on cross-border investment. The stock remains volatile as investors weigh the impact of tighter mainland Chinese money flows on Hong Kong insurance sales. Prudential last reported a 10% rise in new business profit, driven by growth in Hong Kong, mainland China, and Malaysia.