Shares of the primary transport firms in Asia registered a pointy fall this Friday. This got here after US port staff and operators reached an settlement to finish the strike at East and Gulf Coast ports, a lot ahead of had been anticipated.
Taiwan transport firms affected
In Taiwan, Evergreen Marine, Wan Hai Lines and Yang Ming Marine had been probably the most affected, with their shares falling between 8.8% and 10%. These are the largest casualties they’ve confronted in latest months.
Japan shouldn’t be far behind
Japanese transport firms additionally suffered heavy losses. Nippon Yusen, Kawasaki Kisen and Mitsui OSK Lines They noticed their shares drop between 7% and 9%. These falls positioned them as the largest losers within the Topix index.
Expert opinion
According to Yang Ji-hwanan analyst at Daishin Securities, “Investors expecting a quick recovery in declining transportation rates have begun selling due to the end of the strike.”
Finally, the expectation of a rise in transportation charges appears to have pale, which has generated uncertainty amongst traders.
Shares of the primary transport firms in Asia registered a pointy fall this Friday. This got here after US port staff and operators reached an settlement to finish the strike at East and Gulf Coast ports, a lot ahead of had been anticipated.
Taiwan transport firms affected
In Taiwan, Evergreen Marine, Wan Hai Lines and Yang Ming Marine had been probably the most affected, with their shares falling between 8.8% and 10%. These are the largest casualties they’ve confronted in latest months.
Japan shouldn’t be far behind
Japanese transport firms additionally suffered heavy losses. Nippon Yusen, Kawasaki Kisen and Mitsui OSK Lines They noticed their shares drop between 7% and 9%. These falls positioned them as the largest losers within the Topix index.
Expert opinion
According to Yang Ji-hwanan analyst at Daishin Securities, “Investors expecting a quick recovery in declining transportation rates have begun selling due to the end of the strike.”
Finally, the expectation of a rise in transportation charges appears to have pale, which has generated uncertainty amongst traders.
