HK Stock Market Move | Pacific Shipping (02343) is now down more than 6%, with the BDI index falling for three consecutive days. Institutions predict that volatility may increase in the short term.

The stock price of Pacific Shipping (02343) is currently down more than 6%, as of the time of writing, it is down 5.95% to 1.58 Hong Kong dollars, with a trading volume of 680.41 million Hong Kong dollars. On the news front, on Wednesday, the Baltic Dry Index fell by 25 points or 3.12% to 776 points, marking the third consecutive trading day of decline. The Capesize Index fell by 68 points to 711 points, reaching its lowest level since February 2023. Zheshang Futures pointed out that affected by the global economy and the situation in the Middle East, demand for commodities remains relatively low. Currently, the global economy is in a process of repeated fluctuations and bottoming out, the BDI will show increased volatility in the short term. But with the improvement of the Chinese economy, the BDI is expected to rise in the medium to long term amid ongoing fluctuations.