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CK Hutchison shares jump, extending gains on ports deal

Reuters
03/06
UPDATE 1-CK Hutchison shares jump, extending gains on ports deal

Update stock price and adds milestone in paragraph 2

HONG KONG, March 6 (Reuters) - Shares of CK Hutchison 0001.HK rose 12.4% in Hong Kong on Thursday, extending the previous day's 21.9% gain after the sale of its Panama Canal stake to BlackRock BLK.N.

The stock rose to as much as HK$52.95, the highest since May 11, 2023. That outpaced a 2.2% rise in the benchmark Hang Seng Index .HSI.

U.S. President Donald Trump has hailed the deal led by U.S. firm BlackRock BLK.N to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.

($1 = 7.7709 Hong Kong dollars)

(Reporting by Hong Kong newsroom; Editing by Himani Sarkar)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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