Panama Strikes Down Hong Kong Tycoon Li's Port Deals, Rattling Investors

The Port of Balboa at the Pacific entrance of the Panama Canal in Panama.Photographer: Walter Hurtado/Bloomberg

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Panama’s top court has ruled that the contract granted to Li Ka-shing’s CK Hutchison Holdings Ltd. to operate two ports near the Panama canal is unconstitutional, delivering a win for Donald Trump’s drive to rein in China’s control of strategic infrastructure in Latin America.