Maersk Applauds US-China Tariff Truce, Boosting Shares

The Danish shipping giant Maersk hailed the 90-day tariff pause agreement between China and the US as positive progress. This optimism helped Maersk's shares surge by 12.9% in the stock market following the announcement.

The Danish shipping group Maersk expressed approval of the 90-day pause in tariffs and duties agreed upon by China and the United States, viewing it as a promising step forward.

This development was welcomed by the markets, with Maersk shares witnessing a notable rise of 12.9% at 0948 GMT.

Market analysts and stakeholders are optimistic about the potential for improved trade relations and the positive impact on global shipping operations.

(With inputs from agencies.)