Wij gebruiken een aantal cookies om u de best mogelijke browserervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer lezen over ons cookiebeleid of op de link klikken onderaan iedere pagina van onze website.
It was a remarkable reversal of trend for the ASX200, which only a week earlier clocked-up fresh post-GFC highs. The reasoning behind the sell-off is somewhat obscure but follows the trepidation that began in emerging markets and has gradually infected indices throughout Asian and Europe. The best explanation can be boiled down to a matter of sentiment: it has gotten to the point where the belief amongst traders is that although no single cause of financial contagion can be pin-pointed, there is enough fodder for a crisis that it’s not worth the risk of holding equities in the short-term. As such, a spate of profit taking has emerged in riskier asset classes and riskier markets, with the dynamic showing signs of persisting into the new week, opening possible challenges of the next major levels of support for the ASX at 6140 and 6060.