Maersk surges 10% amid pause in tariffs

(Source: baha news)
EPA-EFE/MADS CLAUS RASMUSSEN

Shipping giant A.P. Moller-Maersk jumped over 10% in Thursday's trade as the United States announced a 90-day delay in applying most tariffs against its trading partners. Maersk stock dropped more than 23% in a month, mostly motivated by concerns over global trade as the US threatened to unleash a worldwide trade war.

Maersk's shares soared 10.11% at 10:19 am CET.

Baha Breaking News (BBN) / DJ

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