• Avid Amoeba@lemmy.ca
    link
    fedilink
    English
    arrow-up
    3
    ·
    edit-2
    3 days ago

    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), opens new tab.

    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.

    🫢