ASX sinks on Bank Royal Commission

Thursday 30 November 2017

It was looking quite ugly for a while this morning but the AS200 has firmed a little following solid local and Chinese data:

Dalian is holding gains:

But Big Iron is down anyway after overnight losses:

The Pensioner Killers are mixed:

Big Gold correcting:

Big Sleazy is on the slide:

And Big Dipstick mixed:

Hard to see the bourse getting far while the RC lasts.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.