Some 40,000 Syrians have signed up to fight for… Russia.
Meanwhile in Australia:
Yes, for three nights in April, Sydneysiders at Nelly Robinson’s nel. Restaurant will pay $75 to sit down and wring each others’ hands over the situation in Kyiv before tucking into KFC dusted with gold.
“Biden really, really should do something.”
“Oh yah. He definitely should do something. Pass the Gravy Candle and Supercharged Wings.”
Looks like we’re finally getting those freedoms we sacrificed to Covid lockdowns back. If Sydney can rebound from a brutal couple of years without 11-course KFC themed degustation menus, so can you, Ukrainians! (Sending big love.)
Anyhoo. In China, equities continued a grim rout, notching up their worst declines since 2008.
Hong Kong’s Tech Index lopped 11% off its value – the worst decline since the index began mid-pandemic in July 2020.
The NASDAQ took a big hit too, down 2.04% and leading the (marginal) losses across all US markets, with the headline move being the S&P 500 printing its first death cross in two years. Goldman Sachs knocked its year-end price target for the S&P down to 4700 from 4900, cut its US GDP forecast and upped the chances of a US recession next year.
Europe’s markets were largely green.
The ASX reacted accordingly, although not alarmingly, with the ASX200 down 0.77% (55.20 points) at midday. It still managed to cross above its 20-day moving average during the session.
It’s down 4.71% for the year to date.
Here are the big winners and losers:
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for March 14 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
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