Australia
S&P/ASX 200 drops 2.25% to fall below 6000 and wipes out August’s gains
S&P/ASX 200 (INDEXASX:XJO) has hit a one-month low and is back below the key 6,000 point mark at 5,924 by around 1.20 pm after dropping 2.25%.
All sectors are in the red, with banks, energy stocks, tech and property trusts declining by more than 2%.
Australian property prices fall[hhmc]
Home prices fell by 0.4% in August, making it the fourth straight month of declines for the index.
Melbourne home values fell most, down 1.2% in August, due to the severe Stage 4 restrictions.
Around the world[hhmc]
China's factory activity expanded at the fastest rate in nearly a decade in August, helped by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand.
Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 53.1 last month from July's 52.8, marking the sector's fourth consecutive month of expansion and the biggest rate of growth since January 2011.
Meanwhile, New Zealand continues to be targeted ..

S&P/ASX 200 (INDEXASX:XJO) has hit a one-month low and is back below the key 6,000 point mark at 5,924 by around 1.20 pm after dropping 2.25%.
All sectors are in the red, with banks, energy stocks, tech and property trusts declining by more than 2%.
Australian property prices fall
Home prices fell by 0.4% in August, making it the fourth straight month of declines for the index.
Melbourne home values fell most, down 1.2% in August, due to the severe Stage 4 restrictions.
Around the world
China's factory activity expanded at the fastest rate in nearly a decade in August, helped by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand.
Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 53.1 last month from July's 52.8, marking the sector's fourth consecutive month of expansion and the biggest rate of growth since January 2011.
Meanwhile, New Zealand continues to be targeted by hackers with the NZ stock exchange crashing again today.
COVID-19 update
Thirteen new cases of COVID-19 were diagnosed in NSW in the last 24 hours, bringing the total number of cases in the state to 3,874.
70 new COVID-19 cases and five deaths were recorded in Victoria, continuing a downward trend in the state.
India is rapidly becoming the world's new COVID-19 epicentre, setting a record for the biggest single-day rise in cases as experts predict that it'll soon pass Brazil, and ultimately the US, as the worst outbreak globally.
As many as 78,761 new cases were added on Sunday, the most reported in one day in any country, while 971 deaths were reported on Monday.
Top gainers
Todays top gainers on the ASX include FYI Resources Ltd (ASX:FYI) (+8.05%), High Peak Royalties Ltd (ASX:HPR) (+12.96%), Cauldron Energy Ltd (ASX:CXU) (+16.13%), Oakdale Resources Ltd (ASX:OAR) (+33.33%) and Polarx Ltd (ASX:PXX) (+9.09%).
Proactive news headlines:
VIP Gloves sets stage for growth with 17% revenue increase and 102% rise in profit
VIP Gloves Ltd (ASX:VIP) is demonstrating the benefits of increasing personal protection equipment (PPE) use with revenues during FY20 up by 17.1% to more than $13.696 million and profit for the year, after-tax, up 102.4% to $116,056.
Technology Metals Australia granted mining leases for Gabanintha Vanadium Project
Technology Metals Australia Limited (ASX:TMT) has been granted Mining Leases M51/883 (Northern Block) and M51/884 (Southern Tenement) within its Gabanintha Vanadium Project in WA.
Eclipse Metals to complete ground magnetometer survey ahead of drilling at Amamoor Manganese Project
Eclipse Metals Ltd (ASX:EPM) has scheduled a detailed ground magnetometer to be completed ahead of stage two drilling at the Amamoor Manganese Project in southeast Queensland.
Kin Mining's new high-grade Helen East discovery further enhances golden potential at Cardinia
Kin Mining NL (ASX:KIN) has received shallow and wide high-grade gold results from HelRead More – Source
Australia
Australia election: Why is Australia’s parliament so white?

Australia
Scott Morrison effectively ditches his promise to establish a federal anti-corruption commission

Scott Morrison has effectively abandoned his promise to establish a federal anti-corruption watchdog, confirming he would only proceed with legislation in the new parliament if Labor agreed to pass the Coalition’s heavily criticised proposal without amendments.
Morrison pledged before the 2019 election to legislate a federal integrity body in the parliamentary term that has just ended. The prime minister broke that promise, failing to introduce his own proposal before the 46th parliament was prorogued.
On the hustings on Wednesday, Morrison was asked – given his previous undertaking to create the body – whether he would promise to put his proposal to a vote in the next parliament in the event the Coalition won the 21 May election.
Morrison declined to make that promise. “Our position on this hasn’t changed,” the prime minister said. “Our view has been the same – when the Labor party is prepared to support that legislation in that form, then we will proceed with it.”
The prime minister has attempted to inoculate himself from criticism about breaking an election promise by saying he tabled the integrity commission proposal in the parliament.
Tabling an exposure draft, which is what the prime minister did, is not the same as introducing finished legislation to the House of Representatives or the Senate that is then debated and voted on.
As well as repeatedly fudging what happened in parliament, Morrison has also created the impression the proposal can only proceed if Labor agrees to its passage without amendments.
All governments routinely introduce legislation for debate without any undertaking that it will be passed by the opposition. Labor favours a stronger model than the Coalition’s proposal.
Morrison’s lack of urgency on the issue created tensions within government ranks. Late last year, the Tasmanian Liberal MP Bridget Archer crossed the floor to support independent MP Helen Haines’ bill to establish a federal integrity commission. Archer accused the government of “inertia” over the issue.
At that time, Archer said she was “perplexed” at her own government’s failure to release a revised bill almost three years after it was promised before the last election.
While Morrison clearly wants to move on from the issue, he will face renewed pressure from crossbench independents if the coming election is close enough to deliver a hung parliament.
A number of independents running against Liberals in metropolitan seats have made it clear that establishing a credible national integrity commission will be a key demand in the event any new government – Liberal or Labor – is seeking agreements for confidence and supply.
Haines blasted Morrison’s comments on Wednesday. “Mr Morrison broke an election promise to introduce an anti-corruption commission and his pathway to creating one is still as vague as it was in the last parliament,” she said.
The crossbench independent said it was “nonsense” for the prime minister to claim that he could not proceed unless Labor agreed with the Coalition’s proposal without seeking any amendments. “It would appear we are in the same void as we were before,” Haines said.
Australia
Chinese healer Hong Chi Xiao has manslaughter charge overturned and will face new trial

A western Sydney “slapping therapy” practitioner who was found guilty of the manslaughter of a six-year-old diabetic boy and sentenced to 10 years in prison has had his conviction overturned and will face another trial.
Hong Chi Xiao appeared in Sydney’s Court of Criminal Appeal on Wednesday.
Mr Xiao was extradited from London to Sydney in 2017 to face charges more than two years after the boy, who cannot be named for legal reasons, died following a series of workshops held in Hurstville in April 2015.
The boy’s parents attended the conference where the self-proclaimed Chinese healer showed a “disdain for Western medicine”.
Mr Xiao allegedly advised the parents to stop their son’s insulin injections and blood glucose tests.
A Health Care Complaints Commission (HCCC) investigation found that Mr Xiao told the boy’s parents that slapping therapy “could heal all diseases, including diabetes, and that no medication was required because insulin could be generated” through the treatment.
He also allegedly recommended the six-year-old boy stop eating for three days and only drink water or a “ginger date drink”.
Slapping therapy, also known as paida lajin, advocates the slapping of skin to release toxins from patients.
The boy became visibly ill over several days and began vomiting a black substance, but Mr Xiao allegedly told the boy’s mother that his body was adjusting to the “self-healing process”.
He began having seizures and was rushed to St George Hospital, where he died.
The NSW Coroner found the treatment directly caused the boy’s death on April 27, 2015.
A District Court jury found Mr Xiao guilty of manslaughter for breaching the duty of care he owed the six-year-old boy through gross negligence.
He was handed a sentence of 10 years with a non-parole period of 7½ years in December 2019.
District Court Judge Garry Neilson said Mr Xiao showed “no signs of true remorse”.
Mr Xiao launched an appeal against his conviction, claiming inconsistencies in the evidence and that Judge Neilson told the jury that there was “no defence” during the trial.
Tim Game SC told the court that Judge Neilson did not summarise the defence case and did not give enough evidence to the jury to make a sound decision.
After a short adjournment, Justice Derek Price, Justice Ian Harrison and Justice Mark Ierace granted the appeal and quashed Mr Xiao’s conviction.
However, he will have to face a fresh trial in front of a new jury.
Mr Xiao will face the Sydney District Court on March 11 for mention.
He has been permanently banned from practising medicine by the HCCC.
The boy’s mother, father and grandmother were also initially charged over his death, but they were found not guilty and acquitted.
Mr Xiao has been in prison since his arrest in 2017 but has long rejected criticism that his techniques endanger lives.
-
Australia3 years ago
Button and Diane Powellpark the school bus after three decades
-
Australia4 years ago
60th Annual Louth Cup 2018 | Photos
-
Australia4 years ago
A good attendance for planning ahead
-
Australia4 years ago
Severe, unusual weather likely to cause damage
-
Australia4 years ago
Ten ways to scrap plastic without breaking the bank
-
World4 years ago
Сhinese navy jets master daring night maneuvers on aircraft carrier (VIDEO)
-
World4 years ago
Know-how: Canadian hospital first to сure patients with virtual reality
-
fun5 years ago
Will Gompertz reviews Lin-Manuel Miranda’s musical Hamilton ★★★★★