Australia stocks falls on global growth fears

The Australian share market declined on Wednesday, 09 December 2015, as investors worry about global growth prospects amid continued rout in oil and other commodity prices. Meanwhile selloff pressure mounted after the release of data showing a decline in Australian consumer confidence in December from the month before and a sequential fall in home-loan approvals in October. Among the ASX industry category, notable losers comprised industrials, telecom, property trusts, realty, and financials issues, while materials and energy stocks clawed back some of yesterday's losses. At the close, the benchmark S&P/ASX 200 index ended 28.10 points, or 0.55%, down at 5080.50 points.

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