CK Hutchison shares set to open up 2.9%, extending previous day’s gains

HONG KONG (Reuters) – Shares of CK Hutchison were set to open up 2.9% in Hong Kong on Thursday, extending the previous day’s 21.9% gain after the sale of its Panama Canal stake to BlackRock.

U.S. President Donald Trump has hailed the deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.

(Reporting by Hong Kong newsroom; Editing by Tom Hogue)