daybreaktching australia.et the news now. slump in chinese large caps has rattled the market to stateown accustomed support when losses become severe. csi 300 index sank 52 points in the final minutes of trading. the steepest decline since 2016. the index had climbed 28% this year to the highest level since july 2015. rising for six straight months. beijing may be planning a new crack down on crash micro-- cash microlenders. international financial news says the online's 157 microlenders will be purged, biggestonly the internet companies with licenses. that could dash many's hopes. u.k. is being warned it's on inrse for the longest fall living standards since regards began 60 years ago. they say the budget, the economy will be 42 billion billion dollars smaller in 2022 then the government predicted the march. wages won'tid return to prefinancial levels 2025, onceast inflation is taken into account. is saying household borrowing in developing increasingoses an threat to growth. korea, canada, and the u.k. lead