Deals
CK Hutchison Shares Fall as Li Ka-shing Mulls Ports Deal Delay
Li Ka-shing
Photographer: Jerome Favre/Bloomberg
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CK Hutchison Holdings Ltd. shares dropped the most in nearly two weeks after reports that Hong Kong billionaire Li Ka-shing is considering delaying the signing of a controversial deal to sell the company’s Panama Canal ports to a consortium including BlackRock Inc.
The stock fell as much as 4.7% Monday, the most since March 18. The slide has pared its year-to-date gain to 5.5%, versus the benchmark Hang Seng Index’s 16% rally.