SEOUL (Reuters) – Shares in transport firms fell closely throughout Asia on Friday after staff and U.S. port operators agreed a deal to finish a strike on the East and Gulf coast docks far prior to anticipated.
Evergreen Marine, Wan Hai Traces and Yang Ming Marine in Taiwan fell between 8.8% and 10% of their heaviest drops for a number of months.
Japanese shippers Nippon Yusen, Kawasaki Kisen and Mitsui OSK Traces logged drops between 7% and 9% and had been the most important decliners on the index.
“Investors who hoped for a short-term rebound in freight charges, which are in a downward trend, are selling as the strike ended,” stated Yang Ji-hwan, an analyst at Daishin Securities.
