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Stocks to watch on the Australian stock exchange:

CWN – CROWN RESORTS – down 22 cents, or 1.8 per cent, at $12.11

Crown Resorts has been hit with a class action alleging it did not give shareholders enough information about risks it was taking in China.

GEM – G8 EDUCATION – down $1.02, or 23.1 per cent, at $3.40

Shares in G8 Education crashed after the childcare centre operator lowered its earnings forecast for the 2017 financial year.

GSW – GETSWIFT – up 70 cents, or 19.4 per cent, at $4.30

Shares in logistics software group GetSwift have continued to rally after the company updated the market on its deal with online retail giant Amazon.

MTS – METCASH – up 25 cents, or 9.1 per cent, at $3.00

Grocery wholesaler Metcash has lifted first-half profit 24 per cent to $92.9 million despite a drop in sales across its supermarkets business.

RIO – RIO TINTO – up 88 cents, or 1.2 per cent, at $72.05

Mining giant Rio Tinto has appointed former Anglo-American Plc executive Simon Thompson as its new chairman to succeed Jan du Plessis.