Hong Kong Stock Market Movers | Shipping stocks extend declines as the U.S. plans to legalize "shadow fleet" tankers; institutions expect this to pressure shipping company share prices overall.

Zhitong Finance APP has learned that shipping stocks continued their decline. As of press time, COSCO Shipping Energy (01138.HK) fell 4.27% to HK$16.37; SITC International (00316.HK) fell 3.62% to HK$46.92; Orient Overseas International (00316.HK) fell 3.27% to HK$150.7; COSCO Shipping Holdings (01919) fell 2.68% to HK$16.34; Pacific Basin Shipping (02343) fell 2.28% to HK$3.64.