STOCKS | Chow Tai Fook Falls More Than 5%, Breaks Below 50-Day Moving Average

Chow Tai Fook Jewellery Group (01929) fell as much as 5.1% to HK$11.94, slipping below its 50-day moving average of HK$12.006, before narrowing the decline to 4.5% at HK$12.01, according to ETNet. The stock traded as high as HK$12.64, with turnover of 27.89 million shares worth HK$339 million. It has fallen for four straight sessions, down 11.7% over that period. The Hang Seng Index was down 110 points, or 0.4%, at 25,201.