"Today marks the second day of sharp downturn in sp. Just cannot understand why???? "
Beats me too onyx. There has been a bit of volatility in PRC sp in recent weeks. Been up close to NZ$2 and down about NZ$1.75 over the last few weeks. No apparent reason.
The last two days is a puzzle. Unless there is some problem with the tunnel and word has leaked out but I don't think so. Could bounce back tomorrow.
The general tone of the market has been down and it has tended to go down when there was any negative global financial news in the past. So it may just be that. Quite a few oil shares retreated today as well.
See what tomorrow brings.
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