HK Stock Market Move | Shipping stocks collectively weaken, The Pacific Shipping (02343) falls more than 4%, Trade war triggers global shipping concerns.

Shipping stocks collectively weakened, as of the time of writing, Pacific Shipping (02343) fell by 4.62% to 1.65 Hong Kong dollars; COSCO Shipping Holdings (01919) fell by 3.61% to 11.22 Hong Kong dollars; COSCO Shipping Energy Transportation (01138) fell by 3.57% to 5.4 Hong Kong dollars; COSCO SHIPPING Development (02866) fell by 3.45% to 0.84 Hong Kong dollars. On the news front, the tariff war has raised concerns about global shipping. Guotai Junan Futures previously stated that "tit-for-tat tariffs" will not only change the tax structure but also increase trade costs. In the long run, tariffs will also disrupt the stability of the supply chain, deal a heavy blow to international trade, and present risks of both inflation and recession, requiring special attention. Huatai pointed out that the U.S. exceeded expectations in increasing tariffs, and considering the possibility of subsequent negotiations or modifications of these tariffs, uncertainties such as shippers watching/waiting, canceling shipments, or concentrating shipments will increase, leading to short-term market supply-demand imbalances and fluctuations in freight rates. Overall, the shipping and port sectors are mainly influenced by the European and American markets (such as exports of finished and semi-finished products), and are most directly and significantly affected by tariffs.