Cosco dress red but Iron & Steel signal a possible comeback HKex Daily Roundup

Cosco (1919.HK) in red with a big down of -10.71%. But the projections for the second half are favourable.

Maanshan (323.HK) back on green with a +3.58% after few weeks of downtrend in the Iron & Steel sector. With the governament planning a reduction of steel production and the iron ore set to decrease in price, the figures might look good on the balance sheet of the steel companies in the weeks and months to come. Go on my LinkedIn profile (Alessandro Meccheri) to download the bulletin attached to this podcast