Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale,

WASHINGTON (Reuters) - The U.S. State Department said on Friday it was "not surprised" that China would be upset by Hong Kong conglomerate CK Hutchison's (0001.HK) deal to sell its two port operations near the Panama Canal to a BlackRock-led group, after China's market regulator said it would conduct an antitrust review of the deal.

Chinese leader Xi Jinping is angry about a Hong Kong company’s plan to sell Panama Canal ports to a U.S.-led group, in part because the company didn’t seek Beijing’s approval in advance.