Li & Fung Ltd. (494), the world’s biggest supplier to retailers including Wal-Mart Stores Inc., fell to the lowest in almost two years in Hong Kong trading on concern the weakening U.S. economy may damp sales.
Li & Fung slid 5.5 percent to HK$12.96, the lowest level since Sept. 3, 2009. The stock has declined 43 percent this year, making it the worst-performing in the city’s benchmark Hang Seng Index.
