Let's hope HIO management; current and future, is competent enough to take advantage of the surging iron ore price along with the imminent and eventually full reopening of China's economy. The recent protests seem to have accelerated the process.
Yesterday, HK listed Chinese property developers had a field day, pushing the Hang Seng index up 5%++
From the AFR:
Market highlightsASX futures down 7 points, or 0.1 per cent, to 7253 near 7am AEDT.
- AUD +0.5% to 66.84 US cents
- Bitcoin +1.2% to $US16,424 near 6.35am AEDT
- On Wall St at 2.55pm: Dow -0.2% S&P -0.4% Nasdaq -0.8%
- In New York: BHP +2.9% Rio +4.1% Atlassian -3%
- Tesla -1.7% Apple -2.5% Amazon -2% Alphabet -1.2%
- In Europe: Stoxx 50 -0.03% FTSE +0.5% CAC +0.1% DAX -0.2%
- Spot gold +0.5% to $US1750.14/oz at 1.45pm New York
- Brent crude +0.5% to $US83.59 a barrel
- Iron ore +2.4% to $US101.25 a tonne
- 10-year yield: US 3.75% Australia 3.60% Germany 1.91%
- US prices as of 2.58pm New York
Price and Chart HIO, page-6110
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