(Bloomberg) -- Tianjin Port Development Holdings Ltd. fell the most since 2009 as the death toll from last week’s blasts rose and officials battled to contain the spread of deadly chemicals.
Tianjin Port sank 13% at the close in Hong Kong, the third-biggest decline on the Hang Seng Composite Index, which fell 0.7%. China Life Insurance Co. led losses by the country’s insurers on media reports payouts may reach 10 billion yuan ($1.6 billion).
“There’s more information coming in and the market is worried that throughput in Tianjin port may not recover in the short term,” said Kenny Tang, chief executive officer of Jun Yang Securities Co. in Hong Kong.
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