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A 14 per cent plunge in Crown shares led a broadly negative session on the ASX, as the benchmark top 200 index fell 45 points, or 0.8 per cent, to 5389.
News of government raids on Crown’s Chinese offices sparked heavy selling in the stock, with fellow casino operators Star and SkyCity also suffering some fallout, dropping 3.7 and 3.9 per cent, respectively.
Any early support for bluechips fell away as the day progressed, with ANZ the only one of the major banks to end the session higher amid more chatter of potential dividend cuts for…
Read the full article at: http://www.brisbanetimes.com.au/business/markets-live/markets-live-asx-on-shifty-ground-20161016-gs3pzu.html