China ‘terminates’ ASX bank rally as money piles into miners Alex Gluyas Markets reporter AFR today
Extract “These measures by China [were] a big shock to the market, but it’s like a king-hit to the shorts – many have been completely blindsided by this who had been happily shorting every resource name they could, thinking it was easy money,” said Bell Potter strategist Richard Coppleson.
Might explain it and why they will take a beating. Burn shorts burn
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