SCOREBOARD: Chinese dip

Markets responded variously to Shanghai's fall, though apparent relief over Beijing's property crackdown supported sentiment.

There wasn’t a lot in the way of action overnight and most markets were mixed. Truth is, punters are still trying to decipher the 3.6 per cent fall on the Chinese stock market yesterday – the biggest fall since August 2011. Recall it was only a couple of weeks ago that we saw a similar thing when the Chinese stock market belted (down almost 3 per cent) over fears authorities would take more steps to rein in property. This is a lingering fear, so it obviously wasn’t a pretty day on the Aussie market yesterday, with stocks down 1.5 per cent.

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