Li Ka-Shing Is Biggest Brexit Loser in Hong Kong as Shares Slump
- CK Hutchison, Cheung Kong Infrastructure fall most on gauge
- Li is one of Britain’s biggest investors via his companies
Brexit Is Bad News for Hong Kong's Richest Man
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Brexit is bad news for Li Ka-shing.
Since Britain unexpectedly voted to leave the European Union, Li’s CK Hutchison Holdings Ltd. and Cheung Kong Infrastructure Holdings Ltd. have fallen more than 8 percent to be the biggest losers among companies on Hong Kong’s benchmark stock index. The city’s richest man had warned Britons against Brexit, saying it would be negative for the whole continent.