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Shares of CK Hutchison fall as China state media blast port deal

ReutersMar 31, 2025 2:06 AM

Shares of CK Hutchison 0001.HK fall 4.7% to HK$43.05, their lowest March 21, and on course for the second session of decline

Stock set for the biggest one-day fall since March 14; second-biggest loser on index tracking conglomerates .HSCIC, which is down 1.5%

Chinese state media attacked CK Hutchison's plan to sell its ports near the Panama Canal to a group led by BlackRock BLK.N, in a social media post on Saturday that was later taken down

Reuters reported on Friday CK Hutchison had delayed part of the sale process, although sources said the deal has not been called off

CK Hutchison said on Monday it has not made any decision on its global telecommunications business, in response to media reports about a potential spin-off listing of the assets

Hang Seng Commerce & Industry Index .HSNC eases 0.8%, Hang Seng Index .HSI slips 0.4%

Stock up 5.8% YTD

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