ORIENT Overseas (International) Ltd, Hong Kong's second-largest shipping company, plunged the most in almost four years, leading declines among Asia container-line stocks, on concerns a United States economic slowdown may depress rates.
Orient Overseas shares fell 11 percent to HK$80.60 (US$10.33) at the close of trading in Hong Kong yesterday, after falling as much as 13 percent earlier. US consumer confidence this month dropped the most since Hurricane Katrina two years ago, Bloomberg News reported.