If you dont believe see these charts for yourself, the China...

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    If you dont believe see these charts for yourself, the China exposed stocks are badly hit , underperforming the general market and IMO they are not likely to revisit their recent peaks (the dates below were their recent peaks).

    BUBS-  declining share chart since mid May , now at 4.5 month lows, 35.6% price collapse since 11 May
    TWE- 31% price collapse since 13 Aug
    A2M- 22% price fall since 30 Jul
    RIO- 8.6% price drop since 21 Jul
    BHP- 7.7% price drop since 11 Aug
    FMG- 18% price fall since 27 Aug



    This below an extract from Motley Fools

    China has been a huge avenue for growth for many ASX shares over the past decade or two. The country’s burgeoning middle-class has been fertile ground for many ASX companies to expand into, selling ‘Brand Australia’ products that have proved highly popular for millions of Chinese customers.

    But with geopolitical tensions on the rise in recent weeks, could this avenue be shut off?

    According to reporting in the Australian Financial Review (AFR), China is turning the screws on Australian foreign policy, angered by moves from the Morrison government to support an independent international inquiry into the origins of the outbreak of the coronavirus pandemic.

    As reported by the AFR, China has sounded out replacing Australian barley and beef exports with those from the USA and Russia in retaliation.

    So what if these tensions escalate? There’s a lot of very successful Australian exporters that would euphemistically be put in a right pickle.
    Some ASX shares that might be in the firing line

    Take Treasury Wine Estates Ltd (ASX: TWE). Treasury has put a lot of time and effort into building a market for its quality Aussie wines in China. Its high-quality and high-margin brands like Penfolds have proven a hit for the Chinese middle-class – so much so that Treasury generated around 40% of its earnings in Asia during FY19.
    Australian dairy has also proved very popular in China. The A2 Milk Company Ltd (ASX: A2M) and Bubs Australia Ltd (ASX: BUB) have been exploiting this to ruthless effect, particularly in the infant formula market. This partly explains why the a2 Milk share price has ballooned by 3,700% over the past 5 years and Bubs by over 1,400%. We could see this unwind if China really wants to play hardball with the Australian government.
    There’s also the iron ore exporters Fortescue Metals Group Limited (ASX: FMG), Rio Tinto Limited (ASX: RIO) and BHP Group Ltd (ASX: BHP). China’s demand for our iron ore is famously insatiable and helped us get out of the quagmire of the GFC last decade. BHP also exports thermal and metallurgical coal to China. I think it’s unlikely, but if China really wanted to send a message, this would hit where it hurts.
 
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