partly fear, partly fundamentals, but mostly because the ASX is such a thin piss-weak market it is very susceptible to runs in either direction. Never too exhuberant I must say, but often very wussy in times of uncertainty.
It's just a very small market here -and mainly resource driven- at least that's how the rest of the world sees ASX, so when there's any likelihood of a soft resource sector the ASX gets disproportionately dumped.
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