China Petroleum & Chemical Corp. fell the most in 19 months in Hong Kong after saying it will sell a stake in its fuel-retailing business for 107 billion yuan ($17.5 billion), a price lower than analysts estimated.
The shares of Asia’s top refiner declined 5.5 percent to HK$7.35, the lowest since at least Feb. 5, 2013, as of the noon trading break in Hong Kong. The benchmark Hang Seng Index dropped 0.8 percent.
