CK Hutchison tilts more to Europe than China, results show, amid Panama row

CK Hutchison tilts more to Europe than China, results show, amid Panama row CK Hutchison tilts more to Europe than China, results show, amid Panama row

HONG KONG — The Hong Kong-listed shares of CK Hutchison Holdings, the business empire controlled by the family of local tycoon Li Ka-shing, fell on Friday, the day after the group announced its annual earnings and cut its dividend.

The stock price declined by 3.6% to 43.25 Hong Kong dollars, outpacing the 2.2% drop of the benchmark Hang Seng Index, which closed the week at 23,689.72. CK Asset Holdings, another flagship conglomerate under Li Ka-shing’s family, tumbled 5.8% to HK$31.70, after the company announced a 20% fall in its annual net profit to HK$13.65 billion ($1.75 billion).