[Featured Stock] US Checks Chinese Shipbuilding and Shipping... STX Greenlogis Up Over 5%

As the United States decided to impose port entry fees on shipping companies using Chinese-made vessels, shipping stocks such as South Korea's global integrated logistics and shipping company STX Greenlogis are showing strong performance.

As of 10:12 AM on the 18th, STX Greenlogis was trading at 9,440 KRW, up 480 KRW (5.36%) compared to the previous trading day. At the same time, related stocks such as HMM (2.34%) and Pan Ocean (1.98%) were also on the rise.

Earlier, the United States Trade Representative (USTR) announced on the 17th (local time) that it decided to impose U.S. port entry fees on Chinese shipping companies, shipping companies operating Chinese-made vessels, and car carriers built abroad.The fees will be gradually imposed starting October 4, 180 days later. The fees will also increase annually.