COSCO Shipping leads slide in HK dry bulkers as Baltic dry index dips

SITC International Holdings

26/05/2021 07:41

** Hong Kong shares of COSCO Shipping Holdings  1919.HK 
lead a slide in the city's dry bulk and container shipping
stocks, falling as much as 8.6% to HK$14.62 - lowest since May 3
    ** The Baltic dry index  .BADI  closed down 2.5% on Tuesday,
snapping a five-session winning streak, dragged lower by a dip
in the capesize and panamax segments  urn:newsml:reuters.com:*:nL3N2NC38S
    ** The index is an indicator of world shipping prices for
goods other than crude and fuels
    ** OOIL  0316.HK  drops 3.8% to HK$93.75, lowest since March
30, while Pacific Basin Shipping  2343.HK  declines 4.3% to
HK$2.70, heading for its worst day since May 12
    ** SITC International Holdings  1308.HK  falls as much as
4.7%, Sinotrans  0598.HK  slides 2.3% and COSCO Shipping Energy
Transportation  1138.HK  eases 1.1%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.5%, and the benchmark index  .HSI  gains 0.7%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)