Concerns over Trump's trade tariffs are rising, leading to a collective decline among container shipping giants
Due to market concerns about the impact of Donald Trump's election as President of the United States on global trade volumes, the stock prices of top container shipping companies plummeted. A.P. Moller - Maersk saw its stock price drop by 6.9% in the Copenhagen market, marking the largest decline in a month, while other peers such as Hapag-Lloyd AG and HMM Co. also experienced declines. After Trump's official victory announcement, global markets once again focused on the "Trump trade," with the dollar and U.S. stocks soaring. Investors are betting that his second term will be very similar to the first, launching a series of policies aimed at stimulating domestic growth in the U.S., but also including tariffs that could increase trade friction. Jorgen Lian, an analyst at DNB Markets, stated that container stocks fell due to the "obvious blow to the flow of manufactured goods from global trade barriers," with stocks like Maersk receiving some attention, especially after a significant rise the week before the election
According to Zhitong Finance APP, due to market concerns about the impact of Donald Trump's election as President of the United States on global trade volumes, the stock prices of top container shipping companies have plummeted. A.P. Moller - Maersk's stock price fell 6.9% in the Copenhagen market, marking the largest drop in a month, while other peers such as Hapag-Lloyd AG and HMM Co. also experienced declines.
After Trump's official announcement of victory, global markets once again focused on the "Trump trade," with the US dollar and US stocks soaring. Investors bet that his second term will be very similar to the first, launching a series of policies aimed at stimulating domestic growth in the United States, but which also include tariffs that increase trade friction.
Jorgen Lian, an analyst at DNB Markets, stated that the decline in container stocks, including Maersk, was due to the "obvious impact of global trade barriers on the flow of manufactured goods," especially after a significant rise in stock prices the week before the election