Zoomlion Slumps After Forecasting Lower Profit: Hong Kong Mover

Zoomlion Heavy Industry Science & Technology Co., China’s second-biggest construction equipment maker, fell to the lowest level in almost 19 months in Hong Kong after forecasting profit may slump as much as 80 percent.

Zoomlion declined as much as 9.8 percent to HK$7.49, the lowest price since September 2011. It was the third-worst performer on the MSCI Asia Pacific Index. The stock has dropped 34 percent this year, compared with a 4 percent fall for the benchmark Hang Seng Index.