IOP is one thing but the big dark cloud hanging over all of this...

IOP is one thing but the big dark cloud hanging over all of this is still Evergrande. Evergrande was mentioned 7 times in the RBA Board minutes released this week. It is of concern to Australia and will have an impact. But it will come to a head in the next week or so. The $110m debt due on September 23 is, after a period of grace, now due October 23. There is also another $60m interest due on October 29. If either one of these debts is not paid Evergrande will probably go into receivership. The general consensus seems to be that it will. Financial contagion will follow. This is what the market is waiting for - to see how the Evergrande scenario works out. The sp will see saw sideways in a narrow range until the issue is resolved one way or the other IMHO. Personally I am waiting to top up but will do so after the Evergrande issue is resolved even if it means paying a higher price than current.