Dalian Port Falls Most in 2 Months on China Oil Spill
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Dalian Port (PDA) Co., operator of China’s largest crude-oil terminal, fell the most in two months after explosions at pipelines operated by a PetroChina Co. unit caused what may be the biggest oil spill in the country’s seas.
The stock declined as much as 7.3 percent, the biggest drop since May 17, to HK$2.93 and traded at HK$3.02 at 12:28 p.m. in Hong Kong. PetroChina, the world’s second-largest company by market value, fell 1.9 percent to HK$8.42 while the benchmark Hang Seng index was down 1 percent.