"China Zero Covid Lockdown policy - supply bottleneck..."
On the other hand, it may reduce RE production in China and cause tight supply. If China's economy slow down, there will be more impact on BHP and likelihood but less on Lynas although both are in material sector as Lynas sells to ROW.
This is a rotation correction because of Fed's hikes and Qt, Ukraine war, supply chain disruption and Covid . Not all stocks survive well, but those with good earnings will outperform after rotation. Hopefully, household savings is good, consumer spending is good, employment is good without signs of wage increase spiral but sideline workforce pool, inflation expectation is anchored. Some argue inflation has peaked. I hope so.
Anyway the key is earnings. For example, last night, " Microsoft shares surged as much as 6% in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations and an optimistic outlook for the current quarter. " (Microsoft (MSFT) earnings Q3 2022 (cnbc.com)"
IMO, DYOR
"China Zero Covid Lockdown policy - supply bottleneck..." On the...
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |