Investing.com - Financial Markets Worldwide

CK Hutchison shares surge following Panama Canal stake sale to BlackRock

Published 06/03/2025, 08:10
© Reuters.
0001
-1.41%

Investing.com -- CK Hutchison saw its shares rise by 12.4% in Hong Kong on Thursday, building on the previous day’s 21.9% increase.

This surge follows the company’s sale of its stake in the Panama Canal to U.S.-based firm BlackRock (NYSE:BLK).

The stock reached a high of HK$52.95, a level not seen since May 11, 2023.

This rise significantly outpaced the 2.2% increase in the Hang Seng Index, Hong Kong’s benchmark stock market index.

U.S. President Donald Trump praised the deal, which saw BlackRock acquire a majority stake in CK Hutchison’s $22.8 billion ports business.

This includes assets the Hong Kong conglomerate held along the Panama Canal.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.