Manulife Shares Decline on US Losses, Despite Asia Gains

Manulife, an insurance company, saw its stock price fall because its profits were not as high as experts expected.

This was mainly because the company had to pay out more money than usual in the United States, especially on large life insurance policies.

However, Manulife's business in Asia did very well.

The company also plans to buy a credit manager company.

Overall, the stock market hasn't been very good for Manulife this year.

The financial results also showed that Manulife’s profits were down in the U.S. division, but up in the Asia division.