Australia Market ends softer; ASX200 gains 4% in Oct

Australian equity market finished session slightly softer after relinquishing early gains on Tuesday, 31 October 2017, as materials stocks declined after China, which is among the largest markets for raw materials from Australia, saw factory activity cool more than expected in October in the face of a weakening property market and tighter pollution rules that are forcing many steels mills, smelters and factories to curtail output over the winter. The S&P/ASX 200 index fell 0.17% or 10.08 points to 5,909.00 at the close of trade. The ASX200 added 4% in October 2017, its best month in 2017 and is hovering near six-month highs.

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