Australia Stocks fall to 7-week low

Australian equity market closed session at seven week low on Wednesday, 17 May 2017, as disappointing wage growth and consumer confidence data hurt sentiment. Most of the ASX sectors declined with financial issue being major loser. The S&P/ASX 200 index slipped 1.1%, or 64.518 points, to 5,786 at the close of trade, to its lowest settlement since 27 March 2017.

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