ASX

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ASX

Postby Booney » Mon Sep 20, 2021 2:50 pm

ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....
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Re: ASX

Postby stan » Mon Sep 20, 2021 4:33 pm

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....
Interesting to see what happens with this one.
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Re: ASX

Postby dedja » Mon Nov 24, 2025 11:22 am

Has been going up and down like a yo-yo the past week … daily swings of 1% :shock:

Hang on to your hat! :D
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Re: ASX

Postby whufc » Wed Nov 26, 2025 12:26 pm

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....


Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?
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Re: ASX

Postby dedja » Wed Nov 26, 2025 12:40 pm

whufc wrote:
Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....


Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?


For some of us who are … um … nearing … um … getting on … we like to see our Super balances increase or have something in them when we want to take some out.
Dunno, I’m just an idiot.
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Re: ASX

Postby Brodlach » Wed Nov 26, 2025 1:14 pm

My Super lost 5.6% in a week.

Had a few good years so cannot complain too much. I’m sure it will bounce back
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Re: ASX

Postby Trader » Wed Nov 26, 2025 1:17 pm

whufc wrote:
Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....


Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?


It was 4 years ago, don't worry about it.
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Re: ASX

Postby whufc » Fri Nov 28, 2025 6:58 am

Trader wrote:
whufc wrote:
Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....


Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?


It was 4 years ago, don't worry about it.


That's about the standard time it takes for global events to reach Spalding.
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