The Australian index stands out like a sore thumb...barely off its highs (scope for sub 5250? / break would be above 5500)
By contrast the Australian Dollar (here against the US Dollar) has been more variable (support at 0.9? / needs to break 0.95 to move materially further up)
Hong Kong appears to be still rolling over (interim support at 21k? / resistance in the 23ks?)
Shanghai right at that critical 2000 index point level again...
...whilst interesting the Chinese property market index remains above the important 3000 index point level. (Look at that range over the last year too).
And then there are the Chinese banks...who have generally de-rated to around x1 price:book
Thoughts? Australia looks exposed, the Shanghai bourse looks opportunistic - for the brave. Elsewhere volatility scope remains clear. Important to know what you are investing into.
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