In Hong Kong, CK Hutchison's shares were expected to open with a 4.5% drop on Monday. This decline follows criticism from Chinese state media regarding the conglomerate's Panama port deal. It was reported that the deal, originally scheduled to be signed on April 2, would face a delay.
The Chinese state media expressed disapproval of CK Hutchison's intention to sell its ports close to the Panama Canal to a BlackRock-led group, in a social media post made on Saturday and subsequently removed.
A Reuters report revealed that CK Hutchison had postponed a portion of the sale process. However, sources indicated that the deal has not been cancelled.