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Investing.com-- Shares of China Taiping Insurance Holdings (HK:0966) tumbled on Thursday after reports emerged that the firm may bear major losses from the devastating fire at the Wang Fuk Court residential complex in northern Hong Kong.
At one point early in trading, the stock dropped as much as 8.1% to HK$16.77, with the fall seen as a market reaction to possible claims under the policy that apparently covers the complex.
The stock later pared losses to trade largely flat at HK$18.21.
The blaze -- now Hong Kong’s deadliest in decades with at least 44 confirmed dead and hundreds missing -- destroyed several high-rise towers in the Tai Po district, leaving insurers bracing for potential liability.
While China Taiping had reported healthy earnings earlier in 2025, heavy property-related payouts tied to catastrophic events can still shake investor confidence.