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Hong Kong stocks movement | Shipping stocks collectively declined as ceasefire negotiations continue to advance. Institutions indicate significant uncertainty in short-term freight rates.
Shipping stocks collectively declined. As of the time of writing, SITC (01308) fell by 3.84%, trading at 19.52 HKD; OOIL (00316) dropped by 3.47%, trading at 100.2 HKD; PACIFIC BASIN (02343) decreased by 3.01%, trading at 1.61 HKD.
SITC (01308): Yang Xin has been appointed as the Chairperson of the Sustainability Committee.
SITC (01308) announced that the composition of the company’s disclosure committee and the company's sustainability committee includes the following changes...
China's Logistics Sector Continues Growth Streak in November
China's Air Freight Volume Climbs to New High in January-October
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 movement │Shipping stocks trend weakens, SCFIS growth slows down, combined with ceasefire news, European shipping routes continue to plummet.
The shipping stocks are showing weak performance. As of the time of writing, cosco shipping holdings (01919) fell by 3.99%, trading at 11.06 Hong Kong dollars; ooil (00316) declined by 2.3%, trading at 101.9 Hong Kong dollars; sitc (01308) decreased by 2.18%, trading at 20.2 Hong Kong dollars.
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