It's hard to say, all depends on the Chinese consumer. Is retail sales in China weak or are they abandoning US companies for Australian and European. For instance Apples poor sales may be backlash against Trump arresting Huawei, at least one person I know predicted a consumer backlash over this. If it is consumer backlash then Australian companies will benefit greatly this qtr if it is economic weakness then we need to wait till end Feb for trade war mess to be over. A falling market puts enormous pressure on the President to deal and emboldens his opponents. If the market falls another 10-20% reelection will be impossible. We are caught in the game of great powers, hard to say how it will all turn out.