ASX falls 1.6pc, wiping $27b off markets
Shares suffer their worst day of the year, losing nearly $27 billion in value.
Shares suffer their worst day of the year, losing nearly $27 billion in value.
Equity managers will have to consider adding Chinese equities to their portfolios following MSCI's addition to its emerging market index.
The decision by MSCI to include domestic Chinese shares to its global emerging markets benchmark index, worth about $US1.6 trillion, is a game changer.
Investment in the ground network to capture more e-commerce business should pay off handsomely.
US index provider MSCI said it will add domestic Chinese equities to its global emerging markets benchmark index.
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While the changing media landscape has been plotted as the villain in this drama, Ten was walking a financial tightrope for some time.
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