Following the conclusion of shareholder meetings and the release of first-quarter financial statements, analysts anticipate potential correction pressure or a consolidation phase after May’s remarkable recovery. A positive May The shipping and logistics industry is showing strong signs of becoming a financial magnet, with recent trading sessions seeing sharp rises. On May 26, the first trading day of the week, several stocks surged to their ceilings or came close, including Pacific Petroleum Transportation Joint Stock Company (HOSE: PVP), Vietnam Ocean Shipping Joint Stock Company (HOSE: VOS), Vinafreight Joint Stock Company (HNX: VNF), and Vietnam Container Shipping Joint Stock Company (HOSE: VSC), among others. Transport costs are expected to rise in the near future as congestion at major Northern European seaports worsens, according to industry observers. Shipping disruptions are not limited to Europe—risks of similar bottlenecks are emerging in Asia and the U.S. The temporary suspension of most reciprocal tariffs between the U.S. and China has triggered a surge in transportation demand between the world’s two largest economies. Companies are capitalizing on the 90-day pause to the escalating trade war until August 14 to accelerate the delivery of goods. Textile stocks also surged on the same day, with trading volumes soaring. […]
Following the conclusion of shareholder meetings and the release of first-quarter financial statements, analysts anticipate potential correction pressure or a consolidation phase after May’s remarkable recovery. A positive May The shipping and logistics industry is showing strong signs of becoming a financial magnet, with recent trading sessions seeing sharp rises. On May 26, the first trading day of the week, several stocks surged to their ceilings or came close, including Pacific Petroleum Transportation Joint Stock Company (HOSE: PVP), Vietnam Ocean Shipping Joint Stock Company (HOSE: VOS), Vinafreight Joint Stock Company (HNX: VNF), and Vietnam Container Shipping Joint Stock Company (HOSE: VSC), among others. Transport costs are expected to rise in the near future as congestion at major Northern European seaports worsens, according to industry observers. Shipping disruptions are not limited to Europe—risks of similar bottlenecks are emerging in Asia and the U.S. The temporary suspension of most reciprocal tariffs between the U.S. and China has triggered a surge in transportation demand between the world’s two largest economies. Companies are capitalizing on the 90-day pause to the escalating trade war until August 14 to accelerate the delivery of goods. Textile stocks also surged on the same day, with trading volumes soaring. […]
Following the conclusion of shareholder meetings and the release of first-quarter financial statements, analysts anticipate potential correction pressure or a consolidation phase after May’s remarkable recovery. A positive May The shipping and logistics industry is showing strong signs of becoming a financial magnet, with recent trading sessions seeing sharp rises. On May 26, the first trading day of the week, several stocks surged to their ceilings or came close, including Pacific Petroleum Transportation Joint Stock Company (HOSE: PVP), Vietnam Ocean Shipping Joint Stock Company (HOSE: VOS), Vinafreight Joint Stock Company (HNX: VNF), and Vietnam Container Shipping Joint Stock Company (HOSE: VSC), among others. Transport costs are expected to rise in the near future as congestion at major Northern European seaports worsens, according to industry observers. Shipping disruptions are not limited to Europe—risks of similar bottlenecks are emerging in Asia and the U.S. The temporary suspension of most reciprocal tariffs between the U.S. and China has triggered a surge in transportation demand between the world’s two largest economies. Companies are capitalizing on the 90-day pause to the escalating trade war until August 14 to accelerate the delivery of goods. Textile stocks also surged on the same day, with trading volumes soaring. […]
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