Hong Kong's edge as a financial hub will erode further as the city becomes embroiled in China-U.S. tensions, with the flash sale of a Hong Kong-owned global ports business highlighting geopolitical volatility,

Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is selling its control in a firm that ran two ports on the canal.

Panama’s president accused Donald Trump of lying to Congress after the US leader reiterated his intention to take over the Panama Canal.Trump told lawmakers in Washington on Tuesday that Panama had broken the agreements it made when it took over the waterway a quarter-century ago.