Market response to the news? With a volume of 917.6K I think it's more along the lines of vested interests/shorters taking advantage of negative sentiment across the entire ASX and hitting maybe a few stop-losses along the way.
What is the "market" anymore anyway? A collection of intelligent, reasonable investors that make rational decisions on buying and selling thus facilitating genuine price discovery? Only in the textbooks. The real market is nothing more that institutional vested interests, shorters, hucksters, brokers and other assorted reprobates who are only out for themselves and what they can "legally" steal as a result of their insidious machinations...... But I digress.
