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Australian realtor McGrath issues profit warning as new rules curb Chinese interest

Warning is McGrath's second since January; shares plunge 26% in early trade before paring losses


AUSTRALIA'S only listed realtor, McGrath, issued a profit warning on Monday that sent its shares plunging, as higher taxes and other restrictions resulted in a sharp pullback in Chinese buying interest for new apartments.

The warning, McGrath's second since January, is the...

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