FMG 1.32% $19.47 fortescue ltd

Chinese market 6% down on worries that gov will be cutting the...

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  1. 52 Posts.
    Chinese market 6% down on worries that gov will be cutting the support for propping up the economy. Quite a mixed bag candy really. Strong Construction data for housing undoubtedly spooked investors that the Chinese gov may see it as a opportunity to loosen the ropes. On the other hand, the good stuff for IO and steel.
 
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