ASX improves to -0.9%; Block drops 11%, Oil prices hit 14-year highs - Sydney Morning Herald

The ASX 200 dropped 1% today, down 72.2 points to 7038.6 with all sectors closing lower aside from energy and materials.

Australias resource-heavy stock market had enough support from record-high oil and metal prices to cushion the impact of a global equities sell-off on Monday. But major Asian bourse dropped as much a… [+2550 chars]

full article...