Changes in Hong Kong stocks | COSCO Haineng (01138) once fell more than 8%, and its stock price increased by more than 80% in the previous two months

The Zhitong Finance App learned that COSCO Haineng (01138) fell from a high level today, falling more than 8% at one point. Over the previous two months, the stock price had increased by more than 80% cumulatively. As of press release, it decreased by 5.89% to HK$19.35, with a turnover of HK$654 million.

According to the news, tanker freight rates have recently accelerated, and VLCC daily rents have broken through the $1 million mark, setting a record. Bank of China International previously pointed out that overall, the current market is driven by both geographical risk and the fundamentals of supply and demand. Short-term conflicts are difficult to resolve quickly. Risk premiums will continue to exist, and we need to pay attention to freight rate fluctuations that may be brought about by the easing of the situation after the US midterm elections. The latest news shows that current geological expectations have eased somewhat, and expectations for US-Iran contacts during the General Assembly have increased significantly due to the recovery in Saudi Arabia's external transport.