Northbound funds| ICBC (01398) received nearly 0.5 billion yuan in additional holdings again while seeing a net buy of 0.171 billion yuan. Cosco Shipping Holdings (01919) suffered from selling off by domestic investors.

On July 12th, the Hong Kong stock market saw a net buy of 0.171 billion Hong Kong dollars by Northbound funds, with net sell of 0.224 billion Hong Kong dollars on the Shanghai-Hong Kong Stock Connect and net buy of 0.395 billion Hong Kong dollars on the Shenzhen-Hong Kong Stock Connect.

Zhitong FinanceJul 12 05:57 ET

Stocks in Hong Kong are fluctuating: Cosco Shipping Holdings (01919) dropped more than 4%, leading the decline in marine transportation stocks. Hamas has preliminarily passed a ceasefire proposal, which may put pressure on shipping stocks, according to Da

According to the Wise News Finance APP, marine transportation stocks fell across the board in early trading. As of press time, COSCO SHIPPING Holdings (01919) fell 3.36% to HKD 11.52, OOIL (00316) fell 1.03% to HKD 115.1, and COSCO SHIPPING Development (02866) fell 0.98% to HKD 1.01. In terms of news, according to multiple media reports, a Hamas source has revealed that Hamas has tentatively approved the proposal for a ceasefire and prisoner exchange in Gaza, and has agreed to continue discussions with Israel on issues such as prisoner exchange during the 16-day period of the first-phase ceasefire in Gaza.

Zhitong FinanceJul 11 21:50 ET

Hong Kong stock concept tracking | Houthi militants claim to have attacked ships in the Arabian Sea and the Aden Gulf, global shipping faces obstacles again on the South African coast (attached to concept stocks).

Due to the shipping company's attempt to avoid attacks in the Red Sea, the number of vessels taking the route around the Cape of Good Hope increased, but they encountered a sea storm.

Zhitong FinanceJul 11 01:29 ET

Capital trend statistics for China Connect (T+2) on July 11th.

Capital trend of SmartHK Connect|July 11th

Zhitong FinanceJul 10 19:30 ET

European shipping contract prices have plummeted, causing a sharp drop in shipping stocks at the beginning of this week.

This week, Hong Kong shipping stocks suffered losses. After the news that Gaza is expected to implement a phased ceasefire, Asian shipping stocks fell across the board on Monday. If the situation in the Middle East eases, it is expected that freight rates will gradually return to pre-conflict levels, bringing downward pressure on shipping stocks. Hamas has preliminarily approved a proposal for a phased ceasefire in Gaza, and the Baltic Dry Index fell 2.72% to 1966 points last Friday (5th), falling for three consecutive trading days and hitting a low of over a week. On Monday, the mainland's forward freight agreement index (European line) futures plummeted, with European line shipping 2410 dropping sharply by 11%, and European line shipping 2412 falling by 11.4%.

金吾財訊Jul 9 05:30 ET

Changjiang Securities: The new ship price index continues to rise, and the delivery of China's container ships is accelerating.

The shipbuilding industry is still in the stage of structural recovery, with container ships and LNG ships recovering first, and the main types of oil tankers and dry bulk carriers expected to follow suit. The industry's upward trend is clear and with supply bottlenecks, ship prices are expected to continue to rise.

Zhitong FinanceJul 8 22:55 ET