Global banks seek refuge in China stocks as Iran war drags on (www.reuters.com)
from schizoidman@lemmy.zip to world@lemmy.world on 01 Apr 00:26
https://lemmy.zip/post/61759042

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avidamoeba@lemmy.ca on 01 Apr 05:01 collapse

China’s benchmark Shanghai Composite Index (.SSEC), opens new tab has lost 6% so far in March, compared with an 18% drop in South Korean stocks (.KS11), opens new tab and a roughly ​13% decline in Japan’s Nikkei (.N225)

Strategists ​at ⁠Goldman Sachs said the Chinese economy appears better positioned than several global peers to weather the oil supply ⁠shock, pointing ​to years of energy diversification, rising strategic oil ​reserves and access to supply from outside the Middle East.

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