Westports shares tumble on tariff hike delay

Activity fell in Malaysia and Taiwan, a sign the U.S.-China trade conflict's impact on the rest of Asia was broadening.

PETALING JAYA: Shares of Malaysia’s largest port operator Westports Holdings Bhd fell, following news that the second phase of a tariff hike will be delayed for six months until March next year.

Analysts said the development was a negative surprise for the market, which had priced in a stronger second half (H2’18) outlook for the port operator due to this catalyst.