I think the fall today in China exposed stocks is probably two fold: profit taking from yesterday and the wait and see game while China releases its monthly economic data later today. If the news is good in China we should see a rapid climb in IDL, if bad we'll see a rapid fall, if neither then we should see a steady climb as the uncertainty is removed.
Given the measures to curb property prices announced in early April I'm expecting figures well below the boom in March. This may reflect further falls in IDL SP tomorrow.
IDL Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
