SEOUL (Reuters) – Shares in delivery firms dropped greatly throughout Asia on Friday after employees and united state port drivers concurred an offer to finish a strike on the East and Gulf shore anchors much faster than anticipated.
Evergreen Marine, Wan Hai Lines and Yang Ming Marine in Taiwan dropped in between 8.8% and 10% in their heaviest decreases for a number of months.
Japanese carriers Nippon Yusen, Kawasaki Kisen and Mitsui OSK Lines logged decreases in between 7% and 9% and were the biggest decliners on the Topix index.
“Investors who hoped for a short-term rebound in freight charges, which are in a downward trend, are selling as the strike ended,” claimed Yang Ji- hwan, an expert at Daishin Securities.
(Reporting by Jihoon Lee in Seoul and Tom Westbrook in Sydney; Editing by Muralikumar Anantharaman)
