Australia: Market drops 0.2% ahead of federal Budget

The Australian share market declined for second consecutive session on Monday, 12 May 2014, as risk aversion selloff across the sectors, exception being utilities and industrials, with shares in metal & mining and energy players led losses. The benchmark S&P/ASX200 and the broader All Ordinaries each lost by 0.2%% to 5448.40 and 5429, respectively.

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