Prudential pressured by pandemic as Asian sales fall 24%
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LONDON (Reuters) - Prudential said on Thursday its first quarter sales in Asia fell 24% to $986 million due to the coronavirus pandemic, and warned of challenging times ahead, knocking its shares.The London-listed life insurer's main businesses are in Asia and the United States after it spun off its British unit last year. In Asia, it traditionally relies on face-to-face contact between customers and agents to make sales.Annual premium equivalent sales fell 50% in Hong Kong and 19% in China,..