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Heatwave fans demand for aircon stocks
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NEWSDECK ANALYSIS
The increased demand for air conditioning stocks is likely driven by the growing need for cooling systems in various industries, including data centres, which require significant cooling to operate efficiently. The global HVAC market has been expanding in recent years, driven by rising temperatures and urbanisation, leading to increased investment in companies that specialise in heating, ventilation, and air conditioning systems. As a result, shares in leading HVAC firms have become attractive to investors seeking to capitalise on this trend.
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Heatwave fans demand for aircon stocks
Investors have been piling into air conditioning stocks as global heatwaves and the spread of data centres drive demand for cooling systems. Shares in global leading heating, ventilation, and air conditioning (HVAC) firms have recorded sharp increases in recent months, with Tokyo-listed Daikin Industries up 23.91 per cent to 24,050.00 yen (£118.50) since the start [...]
26 Jun, 14:50
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