Hang Seng rises 3.03% Hong Kong dry bulk cargo stocks higher

The HSI Rose 3.03%, reported 17538.69, a half-day transaction of HK $50.808 billion, a significant increase in volume (yesterday, a total of 66.381 billion Hong Kong dollars), Hong Kong dry bulk cargo stocks higher, as the Baltic Dry Bulk Shipping Index in the past 12 trading days continued to rise, the cumulative rise of 47%. Jinghua Hill A view, the Baltic Dry Bulk Cargo index of the current round of rise mainly because of China's iron ore imports of large increase. However, the rise of the Baltic Dry Bulk Shipping index is unsustainable, as overcapacity remains a major disadvantage, and demand for dry bulk shipments is expected to fall 3-4% from a year earlier, with limited space for short-term rises in the Baltic Dry Bulk Shipping index.　　In addition, it will take months for domestic steelmakers to digest iron ore stocks at the main ports. Pacific Shipping (02343-HK) rose 3.6% to HK $4.60, and China Ocean (01919-HK) rose 4.22% to 8.90 Hong Kong dollars.