Chinese online retailer JD.com has also corrected over 60% but rumors that Beijing may ease its regulatory crackdown as its economy grew just 4% in the 4th quarter has reignited some optimism towards this tech name – we like it here leaving some $$ to average into another dip towards $US50 as further news/rumors around Chinas intentions wouldn’t surprise.
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Performance update for March, stocks that drove returns & our current positioning
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
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Market Matters Research Lead Shawn Hickman with David Koch
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Thursday 18th April – DOW -45pts, SPI +20pts
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MM likes JD.com around $US65
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