Reported 7 months ago
On June 12th, 2024, the Taiwan stock market hit a historic high with a 1.18% increase, but self-traders sold over 2.47 billion NT dollars, leading to a significant drop in bulk shipping stocks Yu Ming and New Emerging by 5.75% and 5.21% respectively. Netizens expressed pity for the bulk shipping industry, calling for cancellations and noting that every time a company announces revenue, it’s usually for shipping purposes. Other listed stocks affected by self-trader selling include industrials and electronics. Companies like Middle Giant, Ruimin, Ruentex Development, Zhengxin, and Taiwan Jun had substantial sales leading to over 5% drops in stock prices.
Source: YAHOO