China Shipping Shares Diverge After Consolidation Plan

TIN news: Chinese investors got their first opportunity to react to a plan for consolidating the nation’s two state-owned shipping groups when shares of their listed units resumed trading Friday. They promptly pushed two of the stocks down by the daily limit in Shanghai trading while bidding another up by as much as 8 percent. China Shipping Container Lines Co. ended trading down 4.2 percent and China Cosco Holdings Co. declined 4.8 percent after both had earlier fallen by as much as the 10 percent ...