China economy has been slow down since pre-pandemic , and one reason was tight liquidity like Everygrand default(Evergrande has defaulted on its debt, Fitch Ratings says - CNN). Not only Everygrand, but many real estate giants are in debt traps, even state owned semiconductor maker, Tsinghua Unigroup default earlier (China's Tsinghua Unigroup defaults on $198 million bond: sources | Reuters)
So now comes a stimulus 2022 in China, which focuses on " More than half the projects will directly support the manufacturing and service industries." including "areas such as electric vehicles and batteries, renewable energy" (China Infrastructure Push Dwarfs U.S. Spending - Bloomberg)
The story of China stimuluses push iron ore price through roof will repeat for metals related to EVs and renewable energy soon. Perhaps calm before storm ,who knows? But JP Morgan and Goldman Sachs are bullish on commodities, so there is tailwind for RE at least.
IMO, DYOR
China economy has been slow down since pre-pandemic , and one...
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $6.56 | 6919 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |