I would expect the Chinese market to drop another 20 odd % in September. This should translate to a 10% drop on all other indices for the month of September. Where it goes from after that I would not know.
Most likely to see more weakness in Materials than Banks, however I think Wednesday is a very important day as if todays data confirm that growth is low and business borrowing is low, we may see the Financials go down as well.
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Last
8,551.5 |
Change
-78.800(0.91%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |