The Australian share market declined for third straight day on Friday, 24 July 2015, as risk sentiments deteriorated after Chinese manufacturing output data unexpectedly hit a 15-month low. Any weakness from China has a detrimental effect on the Australian market and in economy. Most of the ASX sectors declined, with shares of retailers, consumer goods, resources and financial blue-chip companies being major losers. The benchmark S&P/ASX 200 Index dropped 24.20 points, or 0.43%, to 5566.10 points, while the broader All Ordinaries Index lost 24.50 points, or 0.44%, to 5556.80 points. Over the week, the S&P/ASX200 benchmark slipped 1.8% and the All Ordinaries lost was down by 1.7%. The loss comes on the heels of a 3.2% gain last week.
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