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Trending Industry Today: CHINA RAILWAY Leads Losses In Belt & Road Initiative Stocks
Seasonal decline in the cargo volume of the European shipping routes, shipping stocks generally fell, cosco ship engy (01138) dropped by 7.69%.
Kingwisdom Financial News: Shipping stocks collectively fell, cosco ship engy (01138) down by 7.69%, pacific basin (02343) down by 7.2%, cosco shipping holdings (01919) down by 5.2%, ooil (00316) down by 4.7%, cosco shipping development (02866) down by 4.72%. On October 8, the shipping index (European route) futures main contract suddenly plummeted, with a sharp drop of over 20% at the close, closing at 1900 points. As of October 7, 2024, according to the latest data from the Shanghai Shipping Exchange.
Hong Kong stock market anomaly | Shipping stocks continue to decline, European shipping main line continues to plummet, and the downward trend in freight rates may continue.
Shipping stocks continued to decline. As of the time of publication, cosco ship engy (01138) fell by 5.51%, closing at 9.09 Hong Kong dollars; Pacific Basin (02343) fell by 4.66%, closing at 2.25 Hong Kong dollars; cosco shipping holdings (01919) fell by 4.23%, closing at 11.78 Hong Kong dollars.
[Special guest V] Deng Shengxing: NDRC press conference did not have much bullish news, Hong Kong stocks continue to struggle.
King Wha News | Hang Seng Index closed at 20926 points on Tuesday (8th), down by 2172 points or 9.4%. The market traded a total of 620.4 billion yuan throughout the day. The national index dropped by 10.2% to 7483; the technology index plummeted by 12.8% to 4695. Mainland real estate stocks faced heavy selling pressure. Longfor Properties (00960) plummeted by 22.6%, becoming the worst blue-chip stock; China Overseas Land & Investment Ltd (00688) sharply dropped by 15.8%; China Resources Land (01109) slipped by 13.4%. Dow Jones closed at 42080 points on Tuesday (8th), up by 126 points or 0.3%; S&P 500 rose by 0.97% to 5751 points; Nasdaq increased by 1.45%.
Hong Kong stocks closed (10.08) | Hang Seng Index fell by 9.41%, with brokerages, real estate, and semiconductor stocks plunging. Some Hong Kong-listed symbols rose against the market trend.
Hong Kong stocks plunged significantly today, with the Hang Seng Index falling as much as 2300 points in the morning session, and the Hang Seng Technology Index dropping more than 14% at one point. As of the close, the Hang Seng Index fell 9.41% or 2172.99 points to 20926.79 points, with a total daily turnover of 620.438 billion Hong Kong dollars, reaching a new record high.
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