Ping An rises on HSBC stake sale to Thai group

Ping An Insurance (Group) Co. shares rose the most in eight months, leading Chinese insurers higher, after HSBC Holdings said it will sell its entire stake for US$9.4 billion to a Thai company, removing investor uncertainty. Ping An, China’s second-largest insurer, advanced 4 per cent to HK$59.95 in mid morning trade, the most since April 13.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1097941/ping-rises-hsbc-stake-sale-thai-group