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Australian shares follow global lead with 1% fall as dollar also dips

Discussion in 'Market News' started by Lily, Jan 5, 2016.

  1. Lily

    Lily Forum Member

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    Banks and energy companies take the hit as investors face global headwinds from slowing Chinese economy and depressed commodity prices

    Australian shares have opened more than 1% lower after global markets were hit by concerns about the Chinese economy.

    At 11am AEDT on Tuesday, the benchmark S&P/ASX200 index was down more than 1% as investors reduced risk ahead of the resumption of trade in mainland China later in the day.

    Related: End of China's commodity boom spells pain for producers with no end in sight

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