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CK Hutchison climbs after launching arbitration proceedings against Panama

BUZZ-CK Hutchison climbs after launching arbitration proceedings against Panama

** Shares of CK Hutchison 0001.HK climb 2.4% to HK$71.25, on track for the biggest one-day pct rise since July, 10

** Stock touches its highest level since August 17

** The conglomerate launches international arbitration proceedings against Panama and seek damages of more than $1.5 billion for the "destruction" of its investments in the Central American nation

** Panama's economy ministry and presidency did not immediately respond to Reuters request for comment

** YTD, stock up 32.1%, benchmark Hang Seng Index .HSI up 0.4%




(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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