Shipping ETF Gets Spooked Ahead of Chinese Export Data

May 9, 2012 3:59 PM EDT Send to a Friend
Chinese shipper Cosco Pacific Ltd. dragged down global shipping ETFs today. A report out tomorrow will likely show Chinese export growth is slowing, and this appears to be what is weighing down Cosco and other stocks in the sector.

Cosco Pacific Ltd. H Shares (CSPKF) have a weighting of 5.19 percent in Claymore/Delta Global Shipping (NYSE: SEA), a popular shipping ETF that tracks stock performance of high dividend-paying companies in the global shipping industry.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs

Related Entities

Dividend

Add Your Comment