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Hong Kong Stock Market Surges | Eastern Overseas International (00316) fell more than 4%, leading the decline in shipping stocks. Spot freight rates are frequently lowered. The central price of freight rates in late August may further decline.
Shipping stocks extended losses in the afternoon. As of press time, ooil (00316) fell 4.55% to HKD 104.8; cosco shipping holdings (01919) fell 2.87% to HKD 10.82; sitc (02866) fell 2.23% to HKD 17.5; cosco shipping development (02866) fell 2.13% to HKD 0.92.
Electrification In The Maritime Industry, Challenges And Prospects
Hong Kong stock market concept tracking | Maersk raised its full-year profit forecast for the third time, and the performance center of the global marine transportation leading enterprise is expected to improve. (Attached concept stock)
Maersk has raised its financial guidance for the third time in three months, as the rise in freight rates continues to boost the company's profits.
What Does COSCO SHIPPING Holdings Co., Ltd.'s (HKG:1919) Share Price Indicate?
Hong Kong stock market dynamics | Cosco Shipping Holdings (01919) rose nearly 4%, leading the marine transportation stocks. The situation in the Middle East has added another variable, and the block orders contract for European line futures has returned t
Marine transportation stocks rose in the afternoon, as of press time, Cosco Shipping Holdings (01919) rose 3.17%, to HKD 11.08; OOIL (00316) rose 2.48%, to HKD 107.5; Cosco Shipping Development (02866) rose 2.2%, to HKD 0.93; and SITC (01308) rose 1.17%, to HKD 17.3.
Hong Kong stock concept tracking | Economist predicts that the Federal Reserve will signal a rate cut in September this week, and the resource sector is expected to stabilize. (Includes sector stocks)
The Federal Reserve will use the July 30-31 meeting as a preparation to cut interest rates by 25 basis points at the next meeting in September.
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