Asian Stock is One of the Most Volatile Ever

September 18, 2017
94 Shares 2,069 Views

If you are an options trader or an aggressive investor, this one is for you.

Evergreen Marine Corp., which operates the region’s second-largest container fleet, surged 39 percent last month in the top performance among members of the MSCI Asia Pacific Index. Behind the euphoria were bets that rising demand from China would spur a surge in freight rates, bolstering earnings, according to local brokerage President Capital Management. Such optimism was brief: rates fell, not rose, and the shares have tumbled 17 percent in September.Via bloomberg.com

With such fluctuation, traders should take a look at this stock for a potential trade opportunity. Be wary, as such volatility can go both ways.

To stay up to date with financial news and get more tips like these, sign up for our free newsletter.

[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=BKTzq&webforms_id=14431602″ css=”on” center=”off” center_margin=”200″/]

Read more at bloomberg.com

 

 

 

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
549 views
Economy
549 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
489 views
Economy
489 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
555 views
Economy
555 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…