Container Giants See Foreign Investors Each Buying Over Ten Thousand Shares, Yet Stock Prices Plummet; Netizens Wonder: Who Is Really Sinking the Shipping Industry?

Reported about 1 year ago

On July 8, 2024, the Taiwan Stock Market closed with the Weighted Index up by 321.56 points, at 23,878.15, with a 1.37% increase and a trading volume of 551.976 billion. Despite foreign and Mainland Chinese investors (excluding foreign proprietary traders) collectively selling 8.836 billion, the top stock bought by foreign investors today was Wafer Giant UMC, with over 42,334 shares purchased. Netizens are puzzled as major shipping companies Yang Ming and Wan Hai saw their stock prices drop by 6.64% and 6.81% respectively, despite foreign investors each buying over ten thousand shares for both companies.

Source: YAHOO

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