Due to market concerns about the impact of Donald Trump's election as President of the United States on global trade volume, the stock prices of top container shipping companies plummeted.
According to the Wisdom Finance APP, due to market concerns about the impact of Donald Trump's election as President of the United States on global trade volume, the stock prices of top container shipping companies plummeted. Maersk Group (A.P. Moller - Maersk) saw a 6.9% drop in stock prices in the Copenhagen market, marking the largest decline in a month, with other peers such as Hapag-Lloyd AG from Germany and HMM Co. from South Korea also experiencing declines.
Following Trump's official announcement of victory, global markets once again focus on the 'Trump trade,' with the US dollar and American stocks surging. Investors are betting that his second term will be very similar to the first, introducing a series of policies aimed at stimulating domestic growth in the USA, including an increase in tariffs that could lead to trade friction.
Analyst Jorgen Lian from DNB Markets stated that container-related stocks fell due to the clear impact of 'global trade barriers on the flow of manufactured goods.' Stocks like Maersk attracted attention, especially after a significant rise in the week prior to the election.