Shipping Giant Bounces Back

In a surprising turn of events, A.P. Moller-Maersk, the world's leading shipping company, experienced a significant stock increase of over 10% during Thursday's trading session. This surge comes as the United States government announced a 90-day postponement in the implementation of most tariffs against its trading partners, a move that has brought temporary relief to global markets.

A Month of Decline

Prior to this rebound, Maersk's shares had plummeted by more than 23% over the past month. The decline was largely attributed to growing concerns over the potential for a global trade war, fueled by the US's aggressive tariff threats.

Market Reaction

By 10:19 am CET, Maersk's shares had soared by 10.11%, marking a notable recovery and signaling investor optimism in the face of eased trade tensions.