i don't agree with large part of your accessment.
1, China has a planned economy. All the actions and reactions are with intent. Obviously if that doesn't go out of control.
2, CCP introduced lots of measurements to keep property price under control, stop the debt induced price jump. 'I wish our government would do something with the same aim, for the sack of our young', hence the defaults or potential defaults are not unexpected.
3, Under their current political scheme, more even distribution in wealth, quite a few large caps have been hit, which only to remind us, that their are socialist country.
4, recent merger in their rare earth companies, with the aim of more control and favorable price, bodies well for ASM and alike in longer term.
overall, I think the Chinese factors are not out of expectations. Market is wobbling a bit, simply due to the tremendous appreciation over past 12 months. It has the take a breath at some stage.
i don't agree with large part of your accessment.1, China has a...
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Last
$1.01 |
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Mkt cap ! $181.5M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | $1.00 | $200.0K | 197.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3621 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 2500 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$1.01 |
Change
0.000 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $1.02 | $1.03 | $1.00 | 51522 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| ASM (ASX) Chart |