... is zilch.
look china fell as low as 7% today, AGAIN, following the other days 7% fall, and our market DID NOT CARE. the dow jones the night before DID NOT CARE, it was UP. even the nikkei was up today while china was falling - they also DO NOT CARE.
to sum up my point, international markets DO NOT CARE what china does anymore.
why you ask? it is simple. everyone realises now that the chinese market is simply being driven by a hoard of punters. investors are simply dismissing chinese stock market movements as having any meaningful impact on our trading conditions all together.
if the SH COMP fell to 3000 then maybe people might take notice. until then NO ONE CARES.
this article also reinforces my point
http://www.baltimoresun.com/business/bal-bz.china05jun05,0,2990539.story?coll=bal-business-headlines
discussion anyone?
cheers.
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Last
8,549.6 |
Change
7.300(0.09%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,542.3 | 8,576.0 | 8,541.3 |
| XJO (ASX) Chart |