Shipping stocks were shored up by higher freight rates amid Iran's deployment of warships into the Red Sea and the indefinite resumption of the world's large container shipping companies of the Red Sea routes. HK-listed shipper COSCO SHIP HOLD (01919.HK) 0.000 (0.000%) Short selling $135.52M; Ratio 25.251% shot up 3.9% to last at $8.26.SITC (01308.HK) 0.000 (0.000%) Short selling $25.42M; Ratio 16.714% rallied 4.2% at $13.88. SINOTRANS (00598.HK) 0.000 (0.000%) Short selling $6.21M; Ratio 5.617% mounted 3.07% to $3.36. COSCO SHIP ENGY (01138.HK) 0.000 (0.000%) Short selling $8.67M; Ratio 7.598% rose 1.17% to $7.78. PACIFIC BASIN (02343.HK) 0.000 (0.000%) Short selling $2.57M; Ratio 3.556% jumped up 1.94% to $2.63.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)Related NewsCICC's Recommended Stock List on HK Stocks w/ High Div. Strategy (Table)