Reuters: Hot Stocks: Australian shares slip; Echo drops on Crown stake sale

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australian shares slip; Echo drops on Crown stake sale May 24th 2013, 00:32 Thu May 23, 2013 8:32pm EDT SYDNEY May 24 (Reuters) - Australian shares edged lower on Friday, losing further ground after weak manufacturing data from China sent the benchmark index tumbling to one-month lows a day earlier. Echo Entertainment Group, the operator of Sydney's sole casino, tumbled 12.5 percent on news that rival Crown Ltd has sold its entire 10 percent stake in Echo. Crown climbed 1.3 percent. The benchmark S&P/ASX 200 index lost 0.2 percent to 5,030.0 by 0029 GMT, adding to a 2 percent drop on Thursday. New Zealand's benchmark NZX 50 index was trading flat at 4,590.9. (Reporting by Thuy Ong; Editing by Edwina Gibbs)

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