Australian market strenght

Posted: July 2, 2018 in Uncategorized

Recently the Australian market has been on a tear. Notwithstanding lower growth and weak currency.

The reason behind the sudden move is due to the end  of financial year window dressing, but also to the US/China trade wars.

The large share fund with Asia ex Japan area of investment are moving away from the war zone -so exiting the markets more China – dependent to more China independent markets (Australia has a high correlation with China, but less than Hong Kong and Singapore, for example).

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