Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.
The stock of the Danish company, which handles about a fifth of the world’s manufactured products transported by sea, lost as much as 4.3% in Copenhagen, wiping out most of this year’s gains.
“Maersk is a highly profiled and liquid stock and if investors want to sell on trade war concerns, they tend to sell Maersk shares,” said Frans Hoyer, an analyst at Handelsbanken, by phone.
