** Hong Kong shares of Tianqi Lithium Corp drop 18% to HK$28.90, their lowest level and the biggest one-day pct decline since debut in July 2022
** Stock is the biggest pct loser in Hang Seng Composite Index and material index
** Shenzhen-listed stock down 10% to 40.63 yuan, lowest since April 2021
** The Chinese lithium products maker says it expects to post a net loss of 3.6-4.3 bln yuan ($497-$593.6 mln) in Q1, from a profit of 4.88 bln yuan in the same period a year ago, amid a substantial decline in sales price of lithium products
** Hong Kong's material index climbs 0.8%, while Hang Seng Composite Index and Hang Seng Index both rise 1%
** Hong Kong-listed stock down 31.8% YTD, Shenzhen shares down 27.2% YTD
($1 = 7.2435 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Comments