Chinese property stocks are getting massacred tonight, with stocks falling over 8 percent on a plan to impose new taxes on home-sellers.
Anyway, the fallout is being felt elsewhere.
The Aussie dollar is a big loser.
And the Australian equity market — which includes a lot of the commodity companies whose wares go into building Chinese infrastructure and buildings — are falling as well.
The stock market in Australia is down 1.1 percent.
SMH.com.au