I think it is the old adage "when the US sneezes, we catch a cold" combined with our heavy exposure to commodities.
Wouldn't read too much into it could still fall a fair way from here, but if it breeches the GFC lows from a fundamental perspective many present a very rare buying opportunity...
oversold, and here is why, page-2
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |