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Australia Market ends tad down

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Headline indices of closed marginally down after a seesaw trade on Friday, 15 March 2019, as risk sentiments subdued on fresh concerns about global trade and the Chinese News that a meeting to end the trade war with won't happen this month had weighed on sentiment. At closing bell, the benchmark S&P/ASX200 index fell 4.42 points, or 0.07%, at 6,175.17 points, while the broader dropped 1.74 points, or 0.03%, at 6,265.06.

Mining stocks were lower, after copper prices dropped overnight as industrial output in top metals consumer fell to a 17-year low. was down 1.8%, down 1.2% and down 0.13%.

Financial stocks extended losses, with the fall exacerbated by downgrading its rating on and New Zealand Banking to from equal-weight.

Shares of three of the big four lenders declined between 0.4% and 1.6%, but National Bank was slightly higher.

CURRENCY: The was up against the U. S. dollar on Friday. The Aussie dollar was quoted at 70.84 US cents, from 70.62 US cents on Thursday.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 16:31 IST
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