Australia Market slips for fourth day

Australian share market declined for fourth session in row on Friday, 04 November 2016, with investors continued opting for safe heaven assets on nervousness ahead of next week's U.S. presidential election. Opinion polls showing a tightening White House race between Democrat Hillary Clinton and Republican Donald Trump have rattled markets. Every industry category on the main section except realty and utilities issues lost ground, led by financial trust, financial, material, energy, and industrial issues. At the closing bell, the benchmark S&P/ASX 200 index dropped 44.80 points, or 0.86%, to 5,180.80, while the broader All Ordinaries index was down 43.50 points, or 0.82%, to 5,263.10. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index declined 2% for the week.

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