COSCO Shipping Ports falls as Peru starts probes into construction site landslide

COSCO SHIPPING Ports

18/05/2023 07:40

** Shares of China's COSCO Shipping Ports Ltd  1199.HK  fall
as much as 3.6% to HK$5.37, their lowest since May 8
    ** Stock extends losses for sixth straight session 
    ** Shares on course for biggest one-day pct fall since April
6 if losses hold
    ** Second biggest pct loser in Hang Seng Composite Index on
industrials stocks  .HSCIIG 
    ** The Peruvian prosecutor's office said on Wednesday it has
launched an investigation into China's COSCO Shipping Ports 
after a landslide at one of the company's tunnel construction
sites at a major port project in Peru  
    ** The incident, which took place Tuesday morning in the
coastal province of Huaral, damaged at least four houses near
the tunnel and forced the company to suspend construction
    ** COSCO Shipping Ports did not immediately respond to a
Reuters request for comment
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.7%, the Hang Seng Composite Index tracking industrials
 .HSCIIG  climbs 0.9%, and the Hang Seng Index  .HSI  adds 0.6%
    ** As of last close, the stock had fallen 10.2% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))