Pursuits
Yue Yuen Drops Most in 9 Months as Strike Disrupts Output
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Yue Yuen Industrial Holdings Ltd., the world’s largest branded shoemaker, fell the most in nine months in Hong Kong trading after the company said it plans to increase factory workers’ compensation in a bid to end a strike.
Yue Yuen fell 5 percent, the most since July 2013, to close at HK$24.80, extending the stock’s decline this year to 4.3 percent. The Hang Seng Index has lost 2.5 percent in 2014.