10-14-2021, 12:16 AM
From what I can remember CAT also has a pretty big exposure to construction in China? That could explain it getting dragged down due to all the worry around Chinese real estate. It's not in the news anymore, but Evergrande is apparently still going belly-up, several smaller developers have already declared bankruptcy. (I have no idea if this is common or not, this could very well be normal and not a sign of things about to turn sour)