Australia Market falls 0.63%

Australian share market ended down after erasing early gains on Wednesday, 27 April 2016, due to surprisingly weak inflation data. The Consumer Price Index (CPI) fell 0.2 per cent in the March quarter 2016, according to latest figures from the Australian Bureau of Statistics (ABS). This followed a rise of 0.4 per cent in the December quarter 2015. Most industry sectors were down, with banks and financial and property trusts stocks being major losers. At close of trade, the benchmark S&P/ASX 200 declined 32.90 points, or 0.63%, to 5187.70. The broader All Ordinaries dropped 32.70 points, or 0.62%, to 5250.90.

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