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Motley Fool
Why ZIM Integrated Shipping Stock Dropped Today
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday — and it’s no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding today. As multiple media outlets have reported, protests against a government “zero-Covid” policy are spreading across China, threatening both the ruling regime’s stability, the country’s economy, and its ability to produce products that would need container shipping services to reach foreign markets.
