Understanding the Market | Shipping stocks perform actively, with COSCO SHIPPING Energy and OOIL both rising over 3%

Shipping stocks performed actively, with COSCO SHIPPING Energy rising 3.21% to HKD 9.65, and OOIL increasing 3% to HKD 126.9. Affected by the U.S. 301 port fee measures, China will implement special port fees as a countermeasure against U.S. vessels. Guosen Securities believes that the initial implementation of the policy may lead to price fluctuations in the short term, and oil shipping rates are expected to perform strongly. Huachuang Securities pointed out that mutual port fees will increase shipping companies' costs, which may cause trading chaos in the short term and support a rise in shipping rates. It is recommended to pay attention to investment opportunities in shipping stocks amid Sino-U.S. trade frictions