Hong Kong shipping equities have seen a strong start to trading in the wake of Joe Biden’s successful bid to become the next US president.
Shares in Cosco-controlled liner company Orient Overseas (International) Ltd were up almost 9% in the first few hours of trading on Monday.
Supramax bulker specialist Pacific Basin was up nearly 11%, while Cosco Ship Holdings started the day almost 6% higher as Asia awoke to the news of the Democrat’s victory.
