Reported 12 months ago
Today's hot topic in the Taiwanese stock market revolves around the shipping industry as Wan Hai's stock surges 7%. Netizens on forums are excitedly discussing the rise in shipping stocks, particularly Wan Hai. The market opened at 23009 points, with Wan Hai performing the best among container shipping companies like Yang Ming and Evergreen Marine. The surge is attributed to the rotation of funds towards non-electronics and small to medium-sized stocks. Market expert Tsai Ming-Han from Cathay Futures Consultant Co., Ltd. believes that the strong performance of shipping stocks is due to rising freight rates and the continuous rotation of funds towards non-electronics and small-cap stocks.
Source: YAHOO