Australia stocks end in red

The Australian share market ended lower on first trading day of new month, 3 August 2015, as weak lead from Wall Street and slowing Chinese manufacturing activity weighed on the market sentiments. Most of the ASX sectors declined, with energy and resources stocks leading declines. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both declined by 0.3% to 5679.30 and 5664.30, respectively.

Market participants are keeping eye on central bank meeting on Tuesday. The Reserve Bank of Australia holds a policy meeting on Tuesday and is considered almost certain to keep rates steady after having cut to an all-time low of 2% in May.

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