MNACT tumbles on news overnight that protesters had damaged its HK mall

Singapore

UNITS of Mapletree North Asia Commercial Trust (MNACT) sank on Wednesday on news that its Festival Walk mall in Hong Kong had suffered damage as protests spread across the city.

The counter fell as much as 5.7 per cent or seven cents to an 11-month low of S$1.15 in the afternoon, before closing at S$1.16, down 4.9 per cent or six cents.

Some 44.3 million units changed hands, making it one of the most heavily traded counters on the Singapore bourse for the day.

Anti-government protesters took to the streets in Hong Kong for a third day on Wednesday, after its leader Carrie Lam said protesters trying to paralyse the city were being "extremely selfish". Violent clashes had raged on Tuesday night between police and protesters in the Asian financial hub, particularly at the Chi…