This movement is entirely due to the old China Scare being run again in US holiday season. Lets get a little perspective here. If Evergrand went broke and China had to come to the party, they would have to find 300billion from their foreign reserves of 3.238trillion. (gee what a tough ask). China's liquid assets ratio stands at 24.3% whilst Australia is 10,7%. I don't think a meltdown is remote possibility. You know why? because China has not allowed significant foreign investment, it essentially lends to owns companies, so who cares, its all a storm in a teacup.
Chart Update, page-21802
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$6.30 |
Change
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Mkt cap ! $4.604B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.37 | $6.17 | $11.63M | 1.855M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5778 | $6.29 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 4159 | 10 |
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