China's logistics stocks surge; Beijing to probe FedEx

Sinotrans

03/06/2019 02:58

** Shares of China's leading logistics firms rise on Monday
as investors see domestic players benefiting from a foreign
rival's probe
    ** China will investigate whether FedEx Corp  FDX.N  damaged
legal rights and interests of its clients, according to a Xinhua
news agency report on Saturday, after Chinese telecoms giant
Huawei said parcels intended for it were diverted  urn:newsml:reuters.com:*:nL4N23806C 
    ** Sinotrans Ltd  601598.SS , GuangDong GenSho Logistics Co
Ltd  603813.SS , China Master Logistics Co Ltd  603967.SS  and
Guangzhou Jiacheng International Logistics Co Ltd  603535.SS 
soar to the upper limit of 10%
    ** S.F. Holding Co Ltd  002352.SZ , STO Express Co Ltd
 002468.SZ , YTO Express Group Co Ltd  600233.SS  and Deppon
Logistics Co Ltd  603056.SS  climb 1.6%-6.1%
    ** Sinotrans Ltd's Hong Kong shares  0598.HK  gain 3.5% 
    ** The CSI300 transport index  .CSI000957  adds 1.5% 

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))