ZIM Integrated Shipping Services (ZIM) shares rose more than 17% in recent trading activity Monday after the US and China reached an agreement over the weekend to temporarily reduce reciprocal tariffs.
Trading volume stood at around 7 million shares against a daily average of about 6.4 million shares.
Under the deal, the US will cut tariffs on Chinese goods to 30% from 145% for 90 days, while China will reduce the tariffs on US goods to 10% for 90 days.
Price: 16.75, Change: +2.48, Percent Change: +17.36
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