BK1213 Harbour Transportation
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Chinese E-Commerce Giants Poised for Growth Following New Government Policy Support
Shares in China's leading e-commerce businesses are set for a lift following the announcement of new government policy measures aimed at boosting the industry's exporting capabilities and overseas warehousing infrastructure.
Direct impact of changes | Orient Overseas International led shipping stocks with an increase of more than 5%. Red Sea routes are still blocked, and several airlines have once again announced price increases
The Zhitong Finance App learned that shipping stocks rose collectively in early trading. As of press release, Orient Overseas International (00316) rose 5.94% to HK$139.4; Pacific Shipping (02343) rose 4.38% to HK$2.86; COSCO Marine Holdings (01919) rose 4.3% to HK$13.1; COSCO Marine (01138) rose 2.8% to HK$11. According to the news, the Houthis have announced earlier that they will continue to expand the scope of the attack, and all ships bound for Israeli ports will be targeted. Shen Wan Hongyuan said that the market had previously underestimated the continued disturbance of the Red Sea by the Husai armed forces
Pacific Basin Shipping Limited Goes Ex Dividend Tomorrow
Pacific Basin Shipping Limited Reports FY Results
Oil prices soar, shipping stocks soar, consume 20% of global capacity, and affect 30% of Israel's imports. What does the “Red Sea blockage” mean?
The risk of spillover from the Arab-Israeli conflict has spread to international shipping. Analysis predicts that the risk of supply chain disruptions has further intensified, and the Suez Canal, the “main artery” of shipping, is also at risk of being shut down.
Pacific Basin Shipping FY GAAP EPS Down Y/Y, Revenue up
Alibaba Up 2%, Nio Down 4%: Hong Kong Stocks Mixed as Investors Brace for Fed Minutes, JOLTS Data
Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining over 1%, as investors and traders braced for the release of the minutes of the Federal Reserve meeting. Market participants are also awaiting the Job Openings and Labor Turnover Survey data from the U.S.
Alibaba, Nio Slip: Hang Seng Marks Weak Start to 2023 After Gloomy China Factory Activity Data
Hong Kong stocks opened mixed on the first trading day of 2023, with the benchmark Hang Seng losing 0.36% in morning trade. The market seems to be taking into account the fact that China's factory activity narrowed at a faster pace in December dragged by rising COVID-19 infections.
Alibaba, Nio Down Nearly 1%: Hang Seng Mirrors Wall Street Weakness Amid Red-Hot Japan Inflation
Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing 0.39%, after U.S. markets witnessed a sell-off overnight as worries of a recession reduced hopes for a "Santa Claus" rally. Japan's core consumer inflation hit a 40-year high, with the November core CPI rising 3.7% year-over-year, dampening sentiment further.
Alibaba, Nio Soar: Hang Seng Jumps Over 2% as Wall Street Cheers Upbeat Consumer Confidence Reading
Hong Kong stocks soared in early morning trade on Thursday, with the benchmark Hang Seng rising over 2%, as investors and traders cheered U.S. consumer confidence data surging to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations, too, fell to their lowest level since Sept. 2021, at 6.7%.
Alibaba, Nio Rise: Hang Seng Rises On Wall Street Cues, City Chief John Lee Gears Up for Beijing Visit
Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city's Chief Executive John Lee is set to travel to Beijing from Dec. 21 to Dec. 24 as part of his annual visit to brief state leaders on Hong Kong's economic, social and political situation.
Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker as Wall Street 'Santa Claus' Rally Remains Elusive
Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.
Alibaba Up 3%, Nio Down 2%: Hang Seng Opens Higher as China Economic Optimism Outweighs
Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising 0.5% in morning trade on the back of China's top leaders commenting they will focus on boosting the economy next year. Alibaba shares rose over 2% in morning trade while Nio stock lost over 2%. Meituan shares rose over 4%.
Alibaba, JD, Tech Peers Fall: Hang Seng Opens Lower On Weak Wall Street Cues as Recession Fears Grow
Hong Kong stocks opened weaker on Friday, with the benchmark Hang Seng losing 1% on overnight cues from Wall Street. Fears over recession gained momentum after U.S. November retail sales recorded their steepest drop in close to a year, suggesting consumers are reining in spending around the holidays.
Alibaba, Nio Fall Over 2%: Hang Seng Weakens After Fed Sees Rate Hikes Through Next Year
Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve's 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next year with no cuts until 2024. The benchmark Hang Seng traded over 2% lower. Alibaba, Nio, Xpeng and Li Auto shares traded over 3% lower.
Alibaba Up Nearly 2%, Nio Down 1%: What's Weighing On Hong Kong Stocks Today
Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining 0.9% in opening trade after softer-than-expected consumer price inflation in the U.S. took major Wall Street indices higher. EV shares traded in the red, with Nio and Li Auto losing over 1% in opening trade. Alibaba and Tencent gained over 1% each.
Alibaba Falls, Nio Flat: Hang Seng Tiptoes Up as US Inflation Data, Fed Meet Keeps Investors On Sidelines
Hong Kong stocks opened mixed on Tuesday as investors and traders await the crucial U.S. consumer price inflation data set to be released on Tuesday followed by the outcome of the Federal Reserve meeting on Wednesday.
Alibaba, Nio Stocks Drop: Hang Seng Opens Weaker as US Inflation Data, Fed Meet Eyed
Hong Kong stocks opened in the red on Monday, with the benchmark Hang Seng losing 1% in morning trade, as investors and traders shifted focus to U.S. consumer price inflation due on Tuesday and the crucial FOMC meeting where the Federal Reserve is expected to hike its policy rates by 50 basis points on Wednesday.
Hong Kong Stocks Jump After China Trims Quarantine Period, Up More Than 7%
The Hang Seng index jumped more than 7% as Chinese state media reported Covid measures for travel will be eased.
Why Alibaba, Nio, Chinese peers are surging in Hong Kong today
Shares of U.S.-listed Chinese companies were trading higher in Hong Kong on Wednesday morning, led by positive global cues.