Resources weigh on Australia market

The Australian share market closed softer on first trading session of the week, following Friday's Wall Street slide, triggered after the August U.S. jobs report failed to give a clear view on the Federal Reserve's interest rate hike. Also, risk aversion selloff pressurized on underlining concerns about the health of the world's second largest economy after China revised its annual economic growth rate in 2014 to 7.3% from the previously released figure of 7.4%. Most of the blue chips declined, with energy, materials & resources, and consumer goods heavyweights being major losers. The benchmark S&P/ASX 200 index declined 10.20 points, or 0.2%, to 5030.40 points. The broader All Ordinaries index closed 9.80 points, or 0.19%, up at 5051.

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