Many on this board thought China's economic stimulus would help Boost REE demand. I voiced my doubts because the press I read said too little too late. The stock market in Hong Cong Rallied, China was closed.. Now China has been open for two days and look at what is happening.
I will be the first to agree stock market is not the REE market. It does tell us what a lot of people who control lots of money think.
Chinese Stocks Tumble Most Since 2020 on Stimulus Skepticism (msn.com)
Markets are still up from announcement but Leverage has a lot of impact and as we all know that can fall apart real fast.
Meanwhile, leveraged equity positions have jumped, risking a greater tailspin if the market drops and they need to be unwound. The outstanding amount of margin debt in Shanghai and Shenzhen exchanges rose to 1.54 trillion yuan ($218 billion) on Tuesday, up 7.4% from the last trading session on Sept. 30, according to data compiled by Bloomberg.
Many on this board thought China's economic stimulus would help...
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Last
$7.41 |
Change
-0.260(3.39%) |
Mkt cap ! $6.926B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.65 | $7.35 | $14.69M | 1.974M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50820 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.42 | 34591 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |