CK Hutchison stock soars over 20% as port sale dodges Trump

Investors see 'great deal' for Li Ka-shing's group on financial and political grounds

20250305 The entrance of the Balboa Port

The entrance of Balboa Port, a gateway to the Panama Canal run by a unit of Hong Kong's CK Hutchison Holdings. The conglomerate has agreed to unload not only its Panama facilities but dozens of ports around the world. © Reuters

STELLA YIFAN XIE

March 5, 2025 16:59 JST

Updated on March 5, 2025 18:12 JST

HONG KONG -- Shares of Hong Kong conglomerate CK Hutchison soared more than 20% on Tuesday after the group struck a $22.8 billion deal to sell much of its port business, including control of two facilities on the Panama Canal that had drawn the ire of U.S. President Donald Trump.