Power Assets Holdings Stock Slides 1.5% in Hong Kong, Underperforms Competitors

Dow Jones

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This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Power Assets Holdings Ltd. slid 1.5% to 61.50 Hong Kong dollars on what proved to be an all-around rough trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.9% to 25517.33.

The stock's fall snapped a seven-day winning streak.

Power Assets Holdings Ltd. closed 8.3% below its 52-week high of HK$67.05, which the company reached May 7.

The stock underperformed when compared to some of its competitors, as Huaneng Power International Inc. fell 0.5%, CLP Holdings Ltd. fell 1.1%, and Huadian Power International Corp. Ltd. fell 0.3%.

Trading volume totaled 2.9 million shares, compared to the 50-day average of 3.0 million shares.

Data source: Dow Jones Market Data, FactSet

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