That is not what I am seeing.
China's economy is in dire straights and FMG (and Australia's economy) being so dependent on China will not bode well.
First Covid, then inflation and now China's economical downward spiral as strike three.
An interesting view how China could follow Japan when their bubble burst in the late 1980's:
https://www.abc.net.au/news/2023-08-22/china-economy-sputtering-debt-property-japan-australia/102756814
However unlike Japan, history shows that stubborn communistic regimes don't do well when these things happen but I am worried that they might bond even stronger together and resort to full blown war against the west instead.
That is not what I am seeing.China's economy is in dire...
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Last
$26.64 |
Change
-0.140(0.52%) |
Mkt cap ! $82.02B | |||
| Open | High | Low | Value | Volume |
| $26.84 | $26.88 | $26.47 | $97.89M | 3.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17074 | $26.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.67 | 13408 | 3 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$26.70 |
Change
-0.140 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $26.82 | $26.85 | $26.47 | 659210 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| FMG (ASX) Chart |