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China's Logistics Sector Continues Growth Streak in November
China's Air Freight Volume Climbs to New High in January-October
SITC International Holdings Company Limited's (HKG:1308) Last Week's 6.6% Decline Must Have Disappointed Private Companies Who Have a Significant Stake
Hong Kong stocks unusual movement | Shipping stocks fall again as ceasefire news officially lands. Tariff policy expectations affecting market sentiment.
Shipping stocks fell again, as of the time of publication, COSCO Ship Engy (01138) fell by 3.77% to HKD 6.13; Pacific Basin (02343) fell by 3.11% to HKD 1.87; ooil (00316) fell by 2.54% to HKD 99.8.
Hong Kong stocks abnormal movements: shipping stocks trend weak, SCFIS growth slows down, compounded by ceasefire news, European shipping routes continue to plummet.
Shipping stocks are weak, as of the time of publication, cosco shipping holdings (01919) fell by 3.99%, closing at 11.06 Hong Kong dollars; ooil (00316) fell by 2.3%, closing at 101.9 Hong Kong dollars; sitc (01308) fell by 2.18%, closing at 20.2 Hong Kong dollars.
Hong Kong stocks movement | Marine transportation stocks drop further, the situation of shipping companies announcing price increases is yet to be observed. In late December, marine transportation demand is decreasing, and freight rates may decline.
Marine transportation stocks have widened their decline. As of the time of publication, sitc (01308) fell by 5.91%, to HKD 20.7; cosco shipping holdings (01919) fell by 3.01%, to HKD 11.62; pacific basin (02343) fell by 2.43%, to HKD 2.01.