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Directionless Australian sharemarket dragged lower by retail, travel but Fortescue surges – NEWS.com.au
Directionless Australian sharemarket dragged lower by retail, travel but Fortescue surges
The Australian sharemarket dipped after battling to find inspiration, with retailers and travel stock among the laggards.The S&P/ASX200 closed 0.21 per cent lower at 7045.6 on Monday while the All Ordinaries Index slid 0.18 per cent to 7307.8.
CommSec analyst James Tao said the local bourse made a flat start to the trading week as it struggled for direction despite a pretty strong lead from Wall Street.
The resources sector was a good performer, with gains from iron ore miner Fortescue aid high…
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