Summary: Australia’s benchmark index is rising despite growing concerns about key export market China. The Australian dollar is falling, which supports the case for export stocks, bonds look due for a correction. Investors appear to be hedging their bets as the cost of insuring Australian government bonds against default has soared in the past two weeks.
Key take-out: From Wall Street, it appears investors in Australia should look out as China’s economic stress becomes more apparent.
Key beneficiaries: General investors. Category: Economy.