The view from Wall St: Is Australia China’s slowest growing province?

From overseas, it appears a correction looms for Australian shares and bonds as China slows down.

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.

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