AIA’s share price climb following release Q3 business results
Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30.
In a statement released on Monday, AIA said that its business had been affected by a “challenging operating environment, particularly in relation to current events in Hong Kong.”
AIA’s overall value of new business was little changed in the third quarter at $980 million.
In terms of outlook, AIA said “some of our markets are experiencing headwinds from the lower interest rate environment, falling consumer confidence, and rising political trade tensions.”
Despite the headwinds, the company’s markets across the region will be beneficial in the long term from increasing demand for its products, AIA said.
The company’s share price last traded at HK $77.75 by 11:57 PM ET (03:57 GMT) – an increase of 4%.