SINGAPORE (Nov 19): PSA International, the second-largest shareholder of Hutchison Port Holdings Trust, is averaging down its purchases in the latter. On Nov 8, the state-owned port operator bought 2.94 million shares for US$732,629 ($1 million). That works out to an average price of just over 24.9 US cents. HPH Trust, which runs container terminals in Hong Kong and China, has seen its shares fall 36% year to date as US-China trade tensions continue. The stock closed on Nov 14 at 25.5 US cents, close to its all-time low of 23 US cents.

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