Lo Ka-shui (Left), chairman and non-executive director of Langham Hospitality Investments Limited

Langham shares drop 9pc on debut

Langham Hospitality Investments, which operates three luxury hotels in Kowloon, started trading in a gloomy market weighed down by another heavy sell-off in Japan. The Nikkei 225 Index dropped 5.2 per cent as a strengthening yen triggered heavy profit-taking. The Hang Seng Index fell 0.31 per cent.