Reported 10 months ago
Taiwan's stock market surged to a new high of 22,003.71 points led by TSMC (2330) on June 11, but shipping giants like Evergreen (2603), Yang Ming (2609), and Wan Hai (2615) experienced a significant plunge. These top three shipping companies began to sharply decline during mid-morning, with Evergreen falling below 200 points, down over 8%. Market analysts attribute this to fluctuations in European shipping rates, as the freight index (Europe Line) recently plummeted and reached a decrease of over 9%. This may have resulted from a UN Security Council resolution on the Gaza Strip conflict, increasing pressures on future contracts and impacting current trends.
Source: YAHOO