Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Shares of China Railway Drop Despite Plans to Enter Panama Market

Published 12/06/2018, 12:34 AM
Updated 12/06/2018, 12:34 AM
© Reuters.

Investing.com - State-owned China Railway Construction (HK:1186) saw its shares fall 1.95% to HK$10.08 on Thursday morning in Asia, despite the company’s upcoming project in Panama.

China Railway’s Chairman Chen Fenjian met with President Juan Carlos Varela earlier in the week to discuss entering the market in Panama and building infrastructure in the country. The Chinese company seeks to “strengthen the cooperation and exchanges regarding building infrastructure and investment.”

Chen visited Panama with Chinese President Xi Jinping, who stressed the need for more collaboration between the two countries and offered help to build a high-speed railway connecting Panama City with the western province of Chiriqui, according to China Daily.

China and Panama signed an agreement under the Belt and Road Initiative in November last year on technology cooperation and boosting China’s involvement in Panama’s rail network.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.