Reported 12 months ago
In the Taiwanese stock market, the three major container shipping companies experienced declines at noon after initially rising in the morning trading session. Despite favorable factors like rising European shipping futures and ongoing unrest in the Middle East, the stocks fell due to shifting market dynamics rather than any change in fundamentals, with foreign and institutional investors selling off shares. By midday, share prices had dropped by over 2% for all three companies.
Source: YAHOO