Li Ka-shing is biggest Brexit loser in HK as shares slump

Big slide: Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd, both of which Li is chairman, have fallen more than 8 since Brexit to be the biggest losers among companies on Hong Kong’s benchmark stock index. – Bloomberg

HONG KONG: Brexit is bad news for Li Ka-shing.

Since Britain unexpectedly voted to leave the European Union, Li’s CK Hutchison Holdings Ltd and Cheung Kong Infrastructure Holdings Ltd have fallen more than 8% to be the biggest losers among companies on Hong Kong’s benchmark stock index. The city’s richest man had warned Britons against Brexit, saying it would be negative for the whole continent.