Stock market today: S&P 500 slips as Trump’s tariff salvo sours sentiment
Investing.com -- The shares of various European logistics companies have seen a significant increase following an agreement between the U.S. and China to cut reciprocal tariffs.
The companies that experienced a rise in their stock prices include Maersk (MAERSK_A), Hapag-Lloyd (HLAG), Kuehne+Nagel (KNIN), DSV (DSV), and Deutsche Post (OTC:DHLGY) (A40UTV).
The stocks of Maersk and Hapag-Lloyd saw an increase of over 10%, while Kuehne+Nagel’s shares rose 5.7%.
The shares of DSV and Deutsche Post also saw an increase, with their stocks rising more than 3%.
This surge in the stock prices of these European logistics companies comes as a direct result of the tariff agreement between the U.S. and China.
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