Reported 7 months ago
The crisis in the shipping industry continues as shipping stocks experience a turnaround. Container shipping giants Evergreen (2603), Yang Ming (2609), and Wan Hai (2615) all turned losses into gains at the opening today. Senior securities analyst Hsu Bojie provided insights on the reasons for the upturn and offered operational suggestions. The recent increase in stock prices is attributed to the impact of the ongoing crisis and rising European liner freight rates. Hsu suggested short-term trading strategies based on technical indicators for each company. Investors are also advised to pay attention to the upcoming Shanghai Containerized Freight Index release for potential market impacts.
Source: YAHOO