Hong Kong high-rise fire: China Taiping shares slump on feared insurance exposure; disaster city's worst in decades

China Taiping Insurance Holdings shares dropped amid concerns over its exposure to a Hong Kong construction project linked to a devastating high-rise fire. The blaze, which killed at least 44 people, occurred during maintenance work on a complex wrapped in flammable bamboo scaffolding. Experts suggest the insurer's coverage may be significantly underinsured given the disaster's scale.