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Hong Kong stock market anomaly | Shipping stocks lead the decline, the Red Sea crisis remains a variable in shipping demand, frequent adjustments to spot freight rates have slightly undermined market confidence.
Shipping stocks have the largest decline, as of the time of writing, Orient Overseas International (00316) fell 8.01%, to 105.6 Hong Kong dollars; Cosco Ship Engy (01138) fell 5.70%, to 8.61 Hong Kong dollars; Cosco Shipping Holdings (01919) fell 4.20%, to 10.48 Hong Kong dollars; Pacific Basin (02343) fell 3.29%, to 2.06 Hong Kong dollars.
Hong Kong stocks are volatile. Cosco Shipping Holdings (01919) has fallen more than 4% now. The company's price reduction behavior is relatively aggressive. Institutions say that freight rates may further decline.
Cosco Shipping Holdings (01919) is currently down more than 4%. As of the time of writing, it is down 4.2%, at 10.48 Hong Kong dollars, with a turnover of 76.6882 million Hong Kong dollars.
Hong Kong stocks abnormal fluctuation: shipping stocks generally declined, spot freight rates fell and combined with the expectation of the Israel-Palestine peace talks, the main contract of the European line of block orders continued to decline.
Shipping stocks generally declined, as of press time, Cosco Ship Engy (01138) fell by 3.38%, to HKD 8.85; Cosco Shipping Development (02866) fell by 2.13%, to HKD 0.92; Cosco Shipping Holdings (01919) fell by 2.03%, to HKD 10.6.
COSCO SHIPPING Holdings' (HKG:1919) Five-year Earnings Growth Trails the 57% YoY Shareholder Returns
Cosco Shipping Holdings (01919.HK) held a board of directors meeting on August 29th to consider and pass the mid-year performance.
Cosco Shipping Holdings (01919.HK) announced that the Board of Directors will hold a meeting on Thursday, August 29, 2024 to consider and approve (including) the unaudited comprehensive interim performance of the company and its subsidiaries for the six months ending June 30, 2024.
COSCO SHIP HOLD: NOTIFICATION OF BOARD MEETING
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