The recent announcement of a stimulus package by the Chinese government to boost the property sector is expected to have a positive impact on the Australian stock market, particularly the Aus200 index. The stimulus package includes measures such as lower down payments for home purchases and tax breaks for developers. These measures are expected to increase demand for property in China, which will in turn benefit Australian companies that export goods and services to the Chinese market.
In addition, the stimulus package is also expected to boost the Chinese economy, which is Australia's largest trading partner. A stronger Chinese economy will mean more demand for Australian goods and services, which will support corporate profits and earnings growth. As a result, the Aus200 index is expected to rise in the coming months.
Of course, there are also some risks associated with the China property stimulus. If the stimulus is too successful, it could lead to an overheating of the Chinese economy and a resurgence of inflation. This would be negative for Australian companies that export to China, as it would make their goods and services less competitive. However, at this stage, it appears that the risks are outweighed by the potential rewards.
Overall, the China property stimulus is a positive development for the Australian stock market. The stimulus is expected to boost demand for Australian goods and services, support corporate profits and earnings growth, and lift the Aus200 index.
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Contract size 500k.
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more upside
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let this hit ATHs to take profits , until then hodl
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I had to partially take profit. locking profits never hurts. will close all my longs on this when it hits ATHs .
This a really good comment was you said above. Simple economic understanding alot of these new traders are coming along and with these YouTube strategies and expecting to make money not knowing that economics is the foundation of making profits.