SEOUL/LONDON (Reuters) -Shares in delivery firms fell closely in Europe and Asia on Friday after employees and U.S. port operators agreed a deal to finish a strike on the East and Gulf coast docks far ahead of anticipated.

In early buying and selling in Europe, delivery group A.P. Moeller-Maersk fell 7.7% to the underside of the , whereas Hapag-Lloyd was down 12.4%.

Switzerland’s Kuehne und Nagel was down 1.8%.

Evergreen Marine, Wan Hai Traces and Yang Ming Marine in Taiwan fell between 8.8% and 10% of their heaviest drops for a number of months.

Japanese shippers Nippon Yusen, Kawasaki Kisen and Mitsui OSK Traces logged drops between 7% and 9% and have been the most important decliners on the index.

“Investors who hoped for a short-term rebound in freight charges, which are in a downward trend, are selling as the strike ended,” stated Yang Ji-hwan, an analyst at Daishin Securities.