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Asian markets rise on proposed tax reform: ASX closes flat

22 Oct 2018 – The ASX ended the day flat today. At the weekend China’s government published a draft of new tax cuts hoping to help overhaul income tax and to spur growth. Asian markets saw a rise in response. Shanghai Composite gained 4.6 per cent after some earlier lows. The Federal Court approved the proposed scheme of arrangement for Charter Hall (ASX:CHC) to acquire 100 per cent of the ordinary shares in Folkestone (ASX:FLK).

Source: Finance News Network

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