HK Stock Market Move | The Pacific Shipping (02343) fell nearly 7% in the afternoon, the impact of tariff policies on the global economy or to some extent suppress dry bulk shipping prices.

Pacific Shipping (02343) fell nearly 7% in the afternoon, falling 6.71% to HK$1.54 as of the time of writing, with a turnover of HK$29.2451 million. On the news front, on April 7th, the Baltic Dry Index continued its decline on Monday, falling to a one-month low. The Baltic Dry Index fell 88 points or 5.91% to 1401 points, the lowest level since March 7th. Bank of America Securities previously pointed out that dry bulk shipping entered a downward cycle this year, with The Pacific Shipping's locked-in freight rates for the first quarter of the year down year-on-year. It is expected that the company's profits will decline year-on-year this year, with a downside potential of 50% compared to market expectations. Galaxy Futures pointed out that in the short term, tariff escalation will disrupt global trade flows, leading to a reduction in US dry bulk exports and likely pressure on regional dry bulk freight rates; in the medium to long term, strong raw material substitutability, transfer of some food and coal purchases, increased food shipping distances and decreased coal shipping distances, may lead to a decrease in overall ton-mile demand, negatively impacting medium-sized ship freight rates. In addition, tariff policies exacerbate market uncertainty, causing significant impacts on the global economy, slowing down global economic growth, and potentially exerting pressure on dry bulk freight rates.