China belt and road stocks fall on Mideast war

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Explore stories from Atlantic Canada.

A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsSHANGHAI/SINGAPORE - Conflict in the Middle East has cast a fresh cloud over China's battered stock market, driving down exposed stocks - especially those linked with infrastructure projects in the region - as investors peppered companies with queries on the fallout.

Infrastructure giants suffered the heaviest losses on worries that prolonged fighting would inflame regional tensions and put the brakes on projects planned as part of China's decade-old belt and road initiative , though some aerospace and defence stocks rose. "The silence is kind of negative to the market," said a mainland China-based strategist who declined to be identified due to the sensitivity of the topic.Chinese investors have flooded listed companies ranging from fertilizer producers and oil companies to drone makers with questions related to the war on Shanghai and Shenzhen stock exchanges' investor relations platforms.

Most other companies didn't respond to investors' queries on the platforms or said there was no impact.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines