They can't just liquidate, as funds have mandates. It's the hedge funds who use synthetic hedging, derivatives and have the ability to be nimble on the short side which will make a killing. The average long fund exposed to Aus and international equities will be decimated.
Monday open, page-153
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$1.58 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 19469 | $1.58 |
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| $1.58 | 33400 | 3 |
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