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Li & Fung Plunges After Wal-Mart Predicts Earnings Decline
2015-10-15 06:25:38| Logistics - Topix.net
Li & Fung Ltd., the global sourcing company, dropped the most in more than four months in Hong Kong trading after its biggest The Hong Kong-based company plunged as much as 7 percent to HK$5.86, the biggest intraday loss since May 26. The city's Hang Seng Index gained 0.9 percent. Wal-Mart shares tumbled 10 percent at the close in New York Wednesday, the biggest one-day drop since January 1988.
Tags: decline
earnings
predicts
walmart
Category:Transportation and Logistics