Sure they might not bail them out. But when a company that has over $100 billion global sales falls over it is going leave a massive hole. The waves this will create will wash over the Sino economy like the GFC did and guess what the solution was ?
The Bank of Sino turned on the taps and flooded the place with cheap debt & up shot the Iron Ore price for a sustained four year period....
Iron ore price, page-37586
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Last
$26.05 |
Change
-0.160(0.61%) |
Mkt cap ! $80.20B | |||
| Open | High | Low | Value | Volume |
| $26.23 | $26.32 | $25.89 | $78.04M | 2.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4302 | $26.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.06 | 10834 | 1 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$26.04 |
Change
-0.160 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| $26.24 | $26.32 | $25.89 | 458055 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| FMG (ASX) Chart |