China’s power crisis spreads pain in stock market, deflates hopes for winter stimulus kick

//China’s power crisis spreads pain in stock market, deflates hopes for winter stimulus kick

China’s power crisis spreads pain in stock market, deflates hopes for winter stimulus kick

China’s power crisis and a spike in global energy prices in recent weeks are spreading the pain across the stock market, with investors bracing for more fallout. A long winter lies ahead as analysts see the crunch lasting through next year.While an MSCI gauge of firms ranging from oil and coal producers to clean-energy firms has surged 14 per cent since early September, investors could face a wider fallout from factory shutdown and weaker demand for industrial metals to add to the ongoing…

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By | 2021-10-10T23:30:18+00:00 October 10th, 2021|Business|Comments Off on China’s power crisis spreads pain in stock market, deflates hopes for winter stimulus kick