No change in NY, the ETF is dropping from its recent high.
Just on the REMX, 'shead does have a point (I hate to admit); As at least 50% of the Companies in that Index are Chines, either SOE's or supplying SOE's; They are therefore easily manipulated, but more importantly will eventually be subject to increased competition as the West develops its own RE base.
Is it possible then that this current dip is in response to the AUKUS pact; with Chinese investors now realising that West is getting serious and that the SOE's will not be maintaining their monopoly for that much longer ?
PM8 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
