Beijing criticizes CK Hutchison’s $23 billion Panama Canal deal by reposting commentary that slams it as ‘an act of submission’

(Credit: Martin Bernetti—AFP via Getty Images)

Shares of CK Hutchison Holdings, the Hong Kong-based conglomerate that recently sold two ports in the Panama Canal to BlackRock, dropped by over 6% on Friday, even as the city’s benchmark Hang Seng Index rose by over 2%.

The slip comes after the Hong Kong and Macao Affairs Office, the ministry responsible for the Chinese city, reposted scathing commentary from Ta Kung Pao, a local newspaper backed by the Chinese state.