ASX falls 1.6pc, wiping $27b off markets
![A confluence of global events and local pressures led the Australian sharemarket to its biggest single-day decline of ...](http://web.archive.org./web/20170621180950/http://www.afr.com/content/dam/images/g/v/w/8/6/i/image.related.afrIndexLead.320x210.gwvkb9.png/1498030094907.jpg)
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.
When Link Administration burst on to the ASX boards, potential growth was a big part of the pitch. It's about to try and make its biggest mo...
Laszlo Birinyi, a steadfast bull during the eight-year equity rally, just raised his forecast for the S&P; 500.
Warren Buffett, and all the armchair Warren Buffetts out there, you've been warned. Value investing is dead
The S&P;/ASX200 will shed 10 per cent of its value over the next year, according to Morgan Stanley. But a falling market needn't spell disast...
While the changing media landscape has been plotted as the villain in this drama, Ten was walking a financial tightrope for some time.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in