China Coal Energy Falls After Profit Warning: Hong Kong Mover
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China Coal Energy Co., the nation’s second-largest producer, headed for its biggest decline in more than six months in Hong Kong after saying profit last year may have slumped as much as 65 percent.
China Coal dropped as much as 5.7 percent to HK$3.78, the most since July 3, and traded at HK$3.87 as of 1:11 p.m. local time. The benchmark Hang Seng Index fell 2.1 percent and the Bloomberg Asia Pacific Coal Index slid 1.6 percent.