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Australian shares fell 2.1% to 7,318 points on April 26 as commodity prices slumped on worries over China's COVID restrictions. About $55 billion was wiped from the local market, and the Australian dollar hovered near a two-month low at 72.1 US cents.
Fears of weaker Chinese growth and lockdowns reduce demand for industrial and agricultural commodities and weigh on commodity-linked currencies. The move signals softer Chinese import demand ahead.
abc.net.auDavid ChauApr 25, 2022Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
