HK Stock Market Move | Pacific Shipping (02343) rises by more than 5% again, BDI index hits a near two-year high, the turning point of the dry bulk shipping industry is approaching.

Pacific Shipping (02343) rose by over 5% again, rising to 4.17% by the time of publication, reaching 2.75 Hong Kong dollars with a trading volume of 39.8322 million Hong Kong dollars. On the news front, on December 3rd, the Baltic Dry Index (BDI) reported 2845 points, reaching a new high since December 6, 2023, with an increase of 9.42% compared to the previous period, the largest increase since October 13, 2025, and the 15th consecutive day of increase, with a cumulative increase of 46% in the past month. Changjiang released a research report stating that the dry bulk shipping industry is expected to reach a turning point next year, with momentum building up. With limited growth on the supply side and three major catalytic factors providing upward elasticity on the demand side: the production of the Simandou iron ore reshaping the iron ore trading landscape; the Fed's rate cut benefiting active commodity trading; long-term infrastructure bringing marginal demand, such as post-war reconstruction in Russia and Ukraine and the construction of the Yaxia Hydroelectric Project.