Ukraine crisis bolsters commodity prices and shipping lines, hits banks, airlines and chip makers

//Ukraine crisis bolsters commodity prices and shipping lines, hits banks, airlines and chip makers

Ukraine crisis bolsters commodity prices and shipping lines, hits banks, airlines and chip makers

The crisis in Ukraine is sending Asia’s stock investors searching for hedges and shunning names that may get hammered, while they also consider the implications of a drawn-out war.So far, Asia’s commodity and shipping stocks are emerging as safer bets given concerns about shortages of raw materials as Russia is a major exporter. Strategists at Goldman Sachs Group advocate a rotation to commodity-heavy Australia and recommend being overweight on the energy sector.Meanwhile, shares of companies…

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By | 2022-02-26T03:30:15+00:00 February 26th, 2022|Business|Comments Off on Ukraine crisis bolsters commodity prices and shipping lines, hits banks, airlines and chip makers