Horrific Purchasing & Manufacturing data from China today, the non-PMI reading (construction etc) is at a crisis level only seen during the 2008 crisis and COVID.
The CCP has imploded the Chinese economy with all their interventionist policies.
https://www.scmp.com/economy/economic-indicators/article/3176085/chinese-manufacturing-and-services-activity-drops-zero
The worse the data gets, the better it may ultimately be for FMG. China is just going to have to undertake massive stimulus projects irrespective of commodity prices.
Incredible IO has held up so well.
Horrific Purchasing & Manufacturing data from China today, the...
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Last
$23.20 |
Change
-0.220(0.94%) |
Mkt cap ! $71.43B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.04 | $104.4M | 4.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18833 | $23.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.20 | 6082 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$23.24 |
Change
-0.220 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.04 | 1188146 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FMG (ASX) Chart |