Europe's chemicals rise boosted by Chinese stimulus

K+S AG

27/09/2024 11:59

** European benchmark chemicals index  .SX4P  is up 2.2%,
with German firms leading gains boosted by Chinese stimulus
measures announced earlier this week
    ** BASF  BASFn.DE , K+S  SDFGn.DE  and Wacker Chemie
 WCHG.DE  all rise 5-7%
    ** Sebastian Bray, analyst at Berenberg, says BASF's shares
are also supported by the "potential asset sales and spin outs
at the ongoing capital markets day"

 (Reporting by Paolo Laudani)
 ((Paolo.laudani@thomsonreuters.com))