Asian Uranium, Nuclear Stocks Jump After Three Mile Island Deal
Uranium and nuclear energy stocks jumped in Asia after Constellation Energy Corp. said it will invest $1.6 billion to revive a shuttered nuclear plant to provide Microsoft Corp. with non-emitting electricity.
Australian uranium miners Paladin Energy Ltd., Boss Energy Ltd. and Deep Yellow Ltd. were the biggest climbers on the benchmark S&P/ASX 200 Index, each gaining at least 6%. In Korea, power generation equipment maker Doosan Enerbility Co. rose as much as 4.2%.