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BUZZ-CK Hutchison extends gains to hit nearly 2-year high on ports deal

Reuters
2025/03/06
BUZZ-CK Hutchison extends gains to hit nearly 2-year high on ports deal

** Hong Kong conglomerate CK Hutchison 0001.HK jumps 10.7% to HK$52.15, highest since May 2023

** On Wednesday, stock gained 21.9% on sale of its Panama Canal stake to BlackRock BLK.N

** Stock third biggest pct gainer on Hang Seng Index .HSI, which is up 2.3%

** Donald Trump hailed deal led by BLK to buy most of CK Hutchison's $22.8 billion ports business, including assets it holds along Panama Canal

** Stock up 25.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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