correction

Technicals - Shanghai index further downside potential....US market technicals remain negative

Angela Mangan

The Shanghai Composite index close below the 2930 major support level yesterday indicates the potential for a further substantial decline. The rally today has not changed this negative technical view. Major subsequent support is now located at 2760. The surge on the US market overnight has not altered the negative... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ran into global selloff sentiment on China worries. The big negative global sentiment was further fuelled by the lack of any PBOC action to stimulate the economy or support the equities markets. Chiquities or Shangbang was down 8% and looks well on the way to seeing substantially more... Show More