Marketwatch looks at who wins and who loses from the massive US$586 billion China stimulus package.
Led by miners and other commodities-related stocks, Asian and European markets rallied after Beijing unveiled the package, which is heavily focused on infrastructure spending.“While unlikely to have an immediate effect, this is clearly to be positive for sentiment and, in time, commodity demand,” said analysts at Numis Securities.
Crude oil futures first surged over 7% before settling more than 2% higher, and corn futures also gained nearly 2%.
Gold gained $12.