The AFR article was out this morning, so not the reason for the fall. As h00ts pointed out, the 200 MA average break has failed, probably after the build up in SP in anticipation for more clarity of the CBEC impacts from Xi today which traders may have expected to result in break through the 200 MA. Since no clarity, traders jumped out and shorters moved in. Very sudden movement. Just my thoughts on trying to make sense of the the movements today.
Though I would say the AFR and its sister communist publication- SMH, are the last sources of information I would be looking for analyzing the truth on this issue. They take great joy in publishing big share price moving propaganda. Just bait and click fodder for the masses.
Chart Update, page-2580
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