AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From AFX Europe (Focus))
SYDNEY (XFN-ASIA) - Share prices closed sharply lower following the overnight rout on global equity markets which was sparked by a 8.8 pct slump on the Shanghai index on Tuesday, dealers said.
The Chinese sell-off occurred after rumors that China's authorities would crack down on illegal speculation and introduce a capital gains tax.
European stocks markets closed sharply lower overnight, the Dow Jones industrial index ended down 3.29 pct while other Asian equity markets caught up to the Chinese sell-off today.
Dealers said few Australian companies avoided the negative sentiment today, including the index leading …