Reported 11 months ago
Container shipping giants experienced a decrease in share prices as Yang Ming (2609) nosedived by 327,500 shares, leading the stock market in volume and hitting the trading halt limit, followed by Wan Hai (2615) and Evergreen Marine (2603). Analysts point out that the fluctuations in shipping stock prices are mainly influenced by freight rates, citing two main reasons for today's volatility: the modest increase in the Shanghai Containerized Freight Index (SCFI) and a 5.4% drop in China's Europe-bound container shipping index.
Source: YAHOO