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Investing image shanghai Composite edged 0
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Shanghai Composite edged 0.3% higher, lifted by EV and solar sector gains, reinforcing China’s green tech "investing image" as policymakers hint at fresh stimulus packages to support manufacturing growth. Not all were bullish, however. Also in September, Spruce Point Capital announced it is shorting Uranium Energy and sees a 65%-85% potential downside risk. Concerns included its CEO's connections, ability to deliver, its asset base, and its ability to operate at scale. As a short seller, Spruce Point Capital stands to profit from a decline in Uranium Energy Corp's stock price. Over the past two decades, warmer temperatures and lengthy droughts have increased fire risk across much of the country, while more homes continue to be built in harm’s way. These trends have placed a premium on understanding weather patterns that create conditions that are ripe for wildfire, and on deploying better tools to observe atmospheric conditions during fires and post-fire rain events. Among these new tools are uncrewed aerial systems that can make measurements in situations too hazardous for crewed platforms like airplanes or helicopters. Bitcoin gained 2.5% to $63,200, boosting the "investing image" of fintech and blockchain-linked equities as institutional adoption accelerates.