Taiwan's three big container shipping companies are surging while tech stocks stall, a win for investors who stuck with an unloved sector.

• Evergreen, Yang Ming and Wan Hai all jumped in August, with Evergreen hitting a 14-month high.
• Evergreen's July sales hit a 23-month high, up sharply from both the month before and a year earlier.
• Foreign investors dumped AI names and piled into shipping, buying heavily into Yang Ming last week.
• Maersk's chief executive saying there aren't enough ships added fuel, alongside strong second-quarter profits across the three.
• The risk: freight rates could reverse, and a wave of new ships being delivered could flood the market with capacity.

Outlook: The third quarter is the traditional busy season, so the rally holds as long as shipping rates stay high and demand shows up.