Down one day … up the next but it’s not a crisis, say CEOs

Original article by Vesna Poljak, Clancy Yeates, Jonathan Shapiro, Misa Han
The Australian Financial Review – Page: 1 : 26-Aug-15

The Australian economy is in a much better shape than the sharemarket would suggest. Investors seem to have overreacted to a slowdown in the Chinese economy. ANZ Banking Group CEO Mike Smith said on 25 August 2015 that China still has huge "potential". Paul Griffiths, chief investment officer for fixed income at Colonial First State, notes that panic among investors is limited to equities, with bonds remaining unaffected.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COLONIAL FIRST STATE GROUP LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, ASX LIMITED – ASX ASX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S ASX 200 INDEX, AUSCAP ASSET MANAGEMENT PTY LTD, SHENZHEN COMPOSITE INDEX, SHANGHAI COMPOSITE INDEX, CITIGROUP PTY LTD

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