sector rotation/ materials
"Resources were worn down by China’s collapsed property and infrastructure sectors and the West’s efforts to block its exports and hinder its technological progress. If America and its allies succeed in hobbling China’s economic ambitions, it will be bad for Australia because it is our biggest export market by far.
Recent efforts by China’s central bank and government to stimulate its moribund economy has given hope to our resources sector which is now rebounding though is still in negative price momentum over the medium term."
XJO - Bear Posts only (Factors which might cause the markets to fall), page-17874
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |