Dalian is down the better part of -5% today:
But nobody cares as Big Iron has barely budged:
Any time iron ore is in the $90s there is only downside. FMG’s potential head and shoulders top has firmed a little.
Big Gas is holding too despite the mushrooming political risk:
Big gold is under-performing:
Big Debt is falling as macroprudential arrives:
Big Spruik doesn’t care even though it will hammer volumes:
Pretty blunt inaction today on the bourse.