HK Stock Market Move | Shipping stocks rose in the afternoon, with the increase expanding. The shipping market is expected to remain strong in the second quarter, and there is still anticipation for price hikes in August.

In the afternoon, the stock prices of shipping companies rose, as of the time of this report, COSCO Shipping Holdings (01919) increased by 4.24% to 14.76 Hong Kong dollars; OOIL (00316) rose by 3.14% to 141.4 Hong Kong dollars; The Pacific Shipping (02343) rose by 2.8% to 2.2 Hong Kong dollars; COSCO SHIPPING Development (02866) rose by 1.68% to 1.21 Hong Kong dollars. On the news front, the Shanghai International Shipping Research Center released the China Shipping Prosperity Report for the second quarter of 2025 on July 7th, showing that the China Shipping Prosperity Index for this quarter was 120.81 points, an increase of 14.77 points from the previous quarter, reaching a relatively prosperous range; the China Shipping Confidence Index was 123.22 points, an increase of 12.89 points from the previous quarter, moving from a relatively prosperous range to a more prosperous range. This data intuitively reflects the current increasing heat in the shipping industry and the enhanced confidence of market participants in market development. According to a report from CITIC Futures, MSC lowered freight rates in the second half of July, with varying quotes from shipping companies. The average online price may be raised to $3400/FEU in mid-July; currently, there is a strong optimistic sentiment in the market, combined with better-than-expected loading rates in the European peak season, congestion at European ports, and other catalyzing events, the market still expects a rate increase announcement in August. Going forward, it is necessary to pay attention to the support from market sentiment.