Pursuits
Li & Fung Falls on Challenging U.S., Europe Outlook
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Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, dropped the most in more than eight months after saying conditions will remain challenging in key U.S. and European markets.
The company controlled by William and Victor Fung fell 4.6 percent, the biggest decline since Dec. 12, to HK$10 at the close of Hong Kong trading. It was the second-worst performer today on the benchmark Hang Seng Index, which rose 0.5 percent.