China's logistics stocks fall as US Postal Service halts incoming packages

Sinotrans

05/02/2025 07:15

** Shares of Chinese logistics stocks fall after the U.S.
Postal Service said to temporarily suspend parcels from China
and Hong Kong amid Sino-U.S. trade tension, sending the CSI
Modern Logistics Index  .CSI930716  down 1.1% 
    ** Eastern Air Logistics  601156.SS  drops 10%, Sinotrans
 601598.SS  falls 2.6%, YTO Express  600233.SS  eases 2.2% and
S.F. Holding  002352.SZ  slips as much as 0.9% 
    ** The U.S. Postal Service said it would temporarily suspend
parcels from China and Hong Kong, after President Donald Trump
shut a trade loophole this week used by retailers including Temu
and Shein to ship low-value packages duty-free to the U.S.
    ** USPS said the change would not impact the flow of letters
and 'flats' from China and Hong Kong
    
  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))