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ASX/200 ends trading day lower as ABS figures show increase in unemployment rate – NEWS.com.au
Stock market slides as jobless rate increases to worst in 22 years
Australian stocks slid on Thursday amid signs rising unemployment could weaken the Australian economy. The benchmark S&P/ASX 200 closed the day down 42 points, or 0.7 per cent, to 6010.9, while the broader All Ordinaries index slid 37 points, or 0.6 per cent, to 6123.
The Australian dollar at the end of the day was down 0.2 per cent to 69.93 US cents, after reaching highs of 70 US cents the previous day.
Dampened performance by local share markets came despite strong gains on Wall St, wher…
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