HK Stock Market Move | Pacific Shipping (02343) surged over 9%, reaching a new stage high. On Wednesday, the BDI index climbed to a two-week high.

Pacific Shipping (02343) surged more than 9%, hitting a high of 2.96 Hong Kong dollars, the highest since April 2023. As of the time of writing, it was up 8.89%, at 2.94 Hong Kong dollars, with a trading volume of 95.058 million Hong Kong dollars. On the news front, the Baltic Dry Index climbed to a two-week high on Wednesday, benefiting from a collective rebound in freight rates for all types of ships. The Baltic Dry Index rose by 74 points, or 4.3%, to 1803 points, the highest level since January 6. CMSC previously pointed out that in terms of dry bulk shipping, looking ahead to 2026, with the Federal Reserve cutting interest rates, the reduction in production at the West Mangdudu iron mine, and the continuation of grain trade between China and the US, it is expected that the price center of the Capesize and Handy-size markets will rise, and there is still a probability of a pulse-like market surge in the peak season.