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.
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