HK's 'Superman' flying into headwinds
Polls-linked turmoil in Europe threatens to further dent currency-related earnings, share prices of his companies
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Hong Kong
BILLIONAIRE Li Ka-shing is so powerful, Hongkongers quip, he emanates a force field shielding the city from dangerous typhoons that could harm his businesses. Yet Mr Li's magic is showing signs of wearing off after his wealth shrank by US$1.3 billion last year amid headwinds from Europe - a trend that's likely to persist this year.
After Britain's unexpected decision to leave the European Union drove down shares of Mr Li's companies last year, Hong Kong's wealthiest tycoon is preparing for more uncertainty as elections loom in the Netherlands, France and Germany.
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