Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.
Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world. As concerns grow about a potential global economic slowdown and rising geopolitical tensions, utilities firms’ high dividend payouts and the defensive nature of their stocks are also being touted as tailwinds.
Source link
lol
