HutchMed, the pharmaceutical unit of tycoon Li Ka-shing’s flagship CK Hutchison Holdings, led declines amongst 4 Hong Kong-listed shares after being named in an inventory of international firms liable to US accounting inspection legislation.HutchMed’s shares plunged by as a lot as 16 per cent to at the very least a 12-month low of HK$24.25, tracing the 15 per cent decline in a single day in New York. Yum China Holdings, which operates the KFC and Pizza Hut quick meals chains in China, declined by as a lot as 11 per cent in Hong…
Shares of HutchMed and four others named by US SEC’s audit list tumble in Hong Kong, Shanghai in knee jerk reaction to regulatory risks
