SEOUL (Reuters) – Shares in transport corporations fell closely throughout Asia on Friday after employees and U.S. port operators agreed a deal to finish a strike on the East and Gulf coast docks far ahead of 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 have been the biggest decliners on the index.
“Buyers who hoped for a short-term rebound in freight prices, that are in a downward pattern, are promoting because the strike ended,” mentioned Yang Ji-hwan, an analyst at Daishin Securities.
