Li Ka-shing is Hong Kong's biggest Brexit loser

Shanghai

BREXIT is bad news for Li Ka-shing.

Since Britain unexpectedly voted to leave the European Union (EU), his CK Hutchison Holdings Ltd and Cheung Kong Infrastructure Holdings Ltd have fallen more than 8 per cent, making them the biggest losers on Hong Kong's benchmark stock index. The city's richest man had warned Britons against Brexit, saying it would be negative for the whole continent.

As one of the UK's biggest investors, he has a lot to lose. He operates Superdrug and Savers stores, ports, the Three phone service and gas and electricity distribution; his Hong Kong-based flagship CK Hutc…