Shares of CK Hutchison Holdings Ltd. (0001.HK) continued their upward momentum on Thursday, rising 12.4% in Hong Kong, Reuters reports.
This follows a 21.9% surge the previous day, driven by the company’s agreement to sell its Panama Canal stake to BlackRock (BLK.N) as part of a broader $22.8 billion ports business transaction.
CK Hutchison’s stock climbed to HK$52.95, reaching its highest level since May 11, 2023. The gains significantly outpaced the 2.2% increase in the benchmark Hang Seng Index (.HSI).
U.S. President Donald Trump praised the BlackRock-led deal, highlighting the strategic importance of the Panama Canal and the role of American investment in global infrastructure.
The transaction, which includes multiple port assets controlled by CK Hutchison, reflects growing interest from global investors in key trade routes and logistics hubs.
With the market reacting positively to the news, investors will be watching how CK Hutchison plans to reallocate its capital following the sale.
