Reported 11 months ago
On June 19, Taiwan stock market surged over 510 points to achieve a new high, driven by the continuous rise in Shanghai Containerized Freight Index (SCFI) and European shipping index. Container shipping giants like Wan Hai saw a 7% increase, Yang Ming rose by 4%, and Evergreen also showed a 2% increase. The strong demand caused by the crisis in the Red Sea affecting shipping schedules has led to a shortage of shipping containers globally, further boosting stock prices. However, as the gains converged, internet users expressed concerns over the future of container shipping companies, with comments like 'Container shipping is about to plummet.'
Source: YAHOO