Aside from the strength of our currency which drags on exporters, the big problem is in the make up of our index which is heavily weighted towards materials and financials.
Within these sectors globally ASX stocks are actually outperforming their peers:
YOY performance (approx):
BHP -24%
RIO -28%
Xstrata -35%
Vale -35%
XXJ ASX financials -11%
BKX (US bank index) -17%
EUFN (Euro financials ETF) -30%
under performing, page-6
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Last
8,378.5 |
Change
78.300(0.94%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,379.0 | 8,300.2 |
| XJO (ASX) Chart |