HONG KONG -- Chinese authorities have signaled their displeasure over Hong Kong conglomerate CK Hutchison selling its Panama Canal port assets to a consortium led by U.S. investment firm BlackRock, pushing the Li Ka-shing family company's share price sharply lower.
US-China tensions
China signals anger at CK Hutchison's Panama ports sale, rattling investors
Shares fall over 6% after state-endorsed commentary claims deal not just 'commercial'
Hong Kong conglomerate CK Hutchison finds itself caught between the governments of Chinese President Xi Jinping and U.S. President Donald Trump after it agreed to sell its Panama Canal port assets to a consortium led by American firm BlackRock. (Nikkei montage/Source photos by Reuters, Getty Images, and Yusuke Hinata)
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