BUZZ-COSCO Shipping jumps on robust earnings estimate

Reuters10-08

** Hong Kong shares of COSCO Shipping Holdings Co Ltd

jump 10.8% to HK$13.48, highest since July 5

** Shipping group estimates Q3 net profit to jump 285.66% y/y to 21.251 bln yuan ($3.01 bln) and nine-month net profit to surge 72.72% y/y to 38.121 bln yuan

** Shanghai-listed shares surge 10% to 17.28 yuan, highest since June 11

** In Hong Kong, the Hang Seng Commerce & Industry Index

drops 6% and the Hang Seng Index falls 5.6%

** In China, the blue-chip CSI 300 Index jumps 6.1% and the Shanghai Composite Index adds 4.8%

($1 = 7.0622 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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