Reported 7 months ago
On June 12, 2024, Taiwan's stock market rose 256.84 points, with Evergreen Marine being the top sold stock by institutional investors for 11 consecutive days while Evergreen Air was the most bought, evidencing their different fates. Other shipping stocks like Yang Ming and Four Forces also faced significant sell-offs. Netizens reacted humorously to the situation, commenting that the ships were being abandoned and turned into submarines, expressing disappointment with the poor performance of shipping stocks. Institutional investors sold large amounts of shares in various shipping and tech companies, prompting caution in investment decisions.
Source: YAHOO