Stock Market: Major Banks Recognize Losses and Withdraw from Evergreen and Yang Ming as Share Prices Plummet, Netizens React 'Being Sheared like Sheep'

Reported 7 months ago

On June 12, 2024, the Taiwan Stock Exchange rose 256.84 points to close at 22,048.96 points. Eight major public banks sold off Evergreen's shares with withdrawals exceeding 5,000 lots and $10.6 billion in losses, while shipping company Yang Ming ranked third with 3,000 lots sold off, both closing in the red. Even the 'robot concept stock' Hongzhun suffered over 2,000 lot sell-offs, ranking fifth in the losses. Netizens discuss if being 'sheared like sheep,' questioning the actions of the major banks in the stock market. Stock figures and further market analysis are provided by the FTNN News Network.

Source: YAHOO

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