Tianhang continued to decline by over 8%, falling below the 100-day moving average, while the Baltic Dry Index hit a nearly two-week low

PACIFIC BASIN (02343.HK) continued its downward trend from the previous day (9th), falling 4%. This morning (10th), it opened up 0.4% but quickly reversed direction and dropped sharply, losing both the 50-day and 100-day moving averages (approximately HKD 2.59 and HKD 2.45, respectively). It reached a low of HKD 2.41, matching the stock price low set at the end of last month, and is currently reported at HKD 2.42, down 8.33%, with a trading volume of HKD 54.0607 million.

The Baltic Dry Index has fallen for four consecutive days, dropping 137 points or 5.1% on Tuesday (9th) to 2,557 points, the lowest level since November 27. There has been a widespread weakening in freight rates across various vessel segments, with overall market demand and price support significantly lacking