Taiwan's three big container shipping companies jumped sharply, a win for investors betting on a strong peak season.

• Wan Hai jumped 8% to a new recent high, with Yang Ming up over 4% and Evergreen up over 2%.
• Fighting in the Middle East is forcing ships to take the long way around the Red Sea, pushing shipping rates higher.
• July sales at all three companies rose strongly from a year ago, and second-quarter profits improved a lot — Yang Ming's net profit was up almost fivefold.
• Foreign investors piled in, snapping up Yang Ming along with steel and chip stocks as money rotated into older-economy names.
• Analysts warn some of the demand was pulled forward by US tariffs, so rates could fall once the quiet fourth quarter arrives.

Outlook: Third quarter results should beat the second, but too many new ships arriving in 2027 could bring back a glut.