Trump tariffs take impact; inventory market reacts to new commerce coverage

A self-prescribed deadline by a Hong Kong non-public conglomerate to unload its two ports alongside the Panama Canal got here to move as we speak, after Communist Get together newspapers blasted the plan as undermining Beijing’s curiosity.

CK Hutchison, owned by tycoon Li Ka-shing, was anticipated to finalize “definitive documentation” which was to be signed on or earlier than as we speak, in keeping with a joint March 4 announcement by the agency and the U.S. funding agency BlackRock, which might be taking on from the ports. 

However the obvious delay got here as Beijing’s market regulator final week introduced it’ll evaluate the port gross sales “to guard truthful market competitors and safeguard public pursuits.” The Beijing-controlled newspaper Ta Kung Pao and others additionally printed a number of articles final month, criticizing the sale.