The Economic Information Daily reported on the 15th: A-share markets opened lower and continued to decline in the morning session. The SSE Composite Index closed down 1.98% at 3,692.65 points, falling below 3,700 after losing the 3,800 level yesterday. The Shenzhen Component Index also dropped 2.78%, while the ChiNext Index plunged 3.42%. Trading volume in the two markets reached 981.7 billion yuan (RMB, same below) in the morning, an increase of 128.9 billion yuan, or 15.1%, compared to the same period of the previous trading day.
On the trading floor, shipbuilding and shipping sectors led the decline. China Merchants Nanyou (SHA: 601975) and COSCO Energy (SHA: 600026) hit the daily trading limit down. Maritime safety data shows that since this week, at least 10 commercial vessels have been attacked in the Strait of Hormuz and nearby waters, setting the highest frequency since the outbreak of conflict, reigniting significant global concerns over energy and shipping security.
Additionally, market expectations that the U.S. will ease sanctions on "shadow tanker fleets" suggest some restricted oil tankers may return to the crude oil transportation market, increasing oil shipping capacity supply and limiting upward space for freight rates. International oil prices retreated, with Brent crude falling below $103 per barrel, down 1.42% during the session, while WTI crude futures extended losses to 1%. Consequently, A-share oil and coal sectors pulled back.
The baijiu concept rose逆势, with Gansu Huangtai Liquor (SHE: 000995) hitting the daily limit up, Jinzhongzi Liquor (SHA: 600199) and Jinshi Yuan (SHA: 603369) leading the gains. Distributors, wholesalers, and end retailers in Henan, Shandong, Guangdong, Anhui, and other regions indicated that channel inventories are still being reduced overall, with some liquor traders' inventories down approximately 10%-20% year-on-year. Popular premium liquor products are turning over relatively quickly, and inventories at some end retailers have been controlled within 1-2 months. (wn)
On the trading floor, shipbuilding and shipping sectors led the decline. China Merchants Nanyou (SHA: 601975) and COSCO Energy (SHA: 600026) hit the daily trading limit down. Maritime safety data shows that since this week, at least 10 commercial vessels have been attacked in the Strait of Hormuz and nearby waters, setting the highest frequency since the outbreak of conflict, reigniting significant global concerns over energy and shipping security.
Additionally, market expectations that the U.S. will ease sanctions on "shadow tanker fleets" suggest some restricted oil tankers may return to the crude oil transportation market, increasing oil shipping capacity supply and limiting upward space for freight rates. International oil prices retreated, with Brent crude falling below $103 per barrel, down 1.42% during the session, while WTI crude futures extended losses to 1%. Consequently, A-share oil and coal sectors pulled back.
The baijiu concept rose逆势, with Gansu Huangtai Liquor (SHE: 000995) hitting the daily limit up, Jinzhongzi Liquor (SHA: 600199) and Jinshi Yuan (SHA: 603369) leading the gains. Distributors, wholesalers, and end retailers in Henan, Shandong, Guangdong, Anhui, and other regions indicated that channel inventories are still being reduced overall, with some liquor traders' inventories down approximately 10%-20% year-on-year. Popular premium liquor products are turning over relatively quickly, and inventories at some end retailers have been controlled within 1-2 months. (wn)