** Shares of China Pacific Insurance (Group) 2601.HK fall 4.9% to HK$20.5, their lowest levels since April 9, and on course for a third consecutive session of decline
** Stock marks biggest intraday pct drop since April 7
** Shanghai-listed stock 601601.SS eases 3.5% to 29.75 yuan, its lowest point since April 9
** The Chinese insurance group said its Q1 net profit down 18.1% y/y at 9.63 billion yuan ($1.32 billion) while operating income down 1.8% y/y at 93.72 billion yuan
** The Hang Seng Composite Index, which tracks financials .HSCIF, gains 0.4% while the Hang Seng Index .HSI adds 0.1%
** YTD, Hong Kong stock down 14.5% YTD, Shanghai shares down 9.6%
($1 = 7.2956 Chinese yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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