Seoul, Sept. 30 -- South Korean shipping stocks fell on Tuesday as investors fretted over a prolonged global trade slowdown tied to U.S. tariff policies, while Hanmi Pharmaceutical rose after announcing a technology transfer deal with Gilead Sciences, the Pulse, the English service of Maeil Business Newspaper Korea reported on Tuesday.

HMM Co. shares slid 0.7 per cent to 20,450 won (USD 14.58), while Pan Ocean Co. and Korea Line Corp shares were down 1.0 per cent and 0.1 per cent, respectively.

Samsung Securities Co. cut its view on the sector to "neutral" and downgraded HMM to "hold" from "buy," lowering its target price to 22,000 won a share.

"Container freight rate declines are dragging on, and bulk rates face a post-peak correction...