STOCKS | Li Ning Falls More Than 5% And Breaks Below 50-Day Moving Average

Li Ning Co. (02331) fell more than 5% to a low of HK$13.5, breaking below its 50-day moving average of HK$14.092, according to ETNet. The stock traded as high as HK$14.19 on volume of 8.5375 million shares, with turnover of HK$118 million. Its RMB counter (82331) dropped 5.2% to RMB11.56. The Hang Seng Index was down 86 points, or 0.3%, at 25,230.