Lockdown brings working capital burden and valuation worries for construction companies
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The other impact from the lockdown is the labour shortage as migrant workers are returning home, which would delay the execution of already contracted projects and escalate associated costs for construction companies.
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Asian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Australian S&P/ASX 200 index rose 0.3 per cent in early trading, while Hong Kong's Hang Seng index rose 0.54 per cent.Japan's Nikkei225 index advanced 1.20 per cent. from Stocks-Markets-Economic Times https://ift.tt/2QNFFly
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