Chinese Port Explosion to Cost $1.6B; Stocks Sink

Created by Administrator 19 Aug 2015 @ 09:15
Tags »
china
explosion
loss
claim
port

Bloomberg is reporting that the Tianjin Port Development Holdings Ltd. fell 13% at the close in Hong Kong, the third-biggest decline on the Hang Seng Composite Index, which fell 0.7%. China Life Insurance Co. led losses by the country’s insurers.

Media reports indicate payouts may reach 10 billion yuan ($1.6 billion).

You do not have permission to post on this Chatter.
Login Create Account
There is no activity to display.