I think the global markets including ASX shit itself cause of the Evergrande property developer in china (biggest property developer in china who employ around 200k people) who has $300bn debt and is about to default and their rating has been downgraded to junk. Google “Evergrande” and you will see the many news articles around.
https://www.google.com.au/amp/s/amp.ft.com/content/6d127e05-2208-4226-9cd1-ef2f7463cdf0
We could see some volatility in the markets for the next few days depending on the outcome of this news in china.
Maybe this might explain the huge sell order for 1.6m this morning…
ASX Today, page-7644
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Last
84.5¢ |
Change
-0.035(3.98%) |
Mkt cap ! $2.097B | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 92.5¢ | 84.0¢ | $21.11M | 23.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 371555 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 71130 | 15 |
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| Last trade - 14.31pm 08/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |