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ASX Close: Market sinks to one-week low
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The share market faded to its lowest close in a week and a half as upbeat Chinese economic data failed to offset weak leads from Wall Street and commodity markets.
The
S&P/ASX 200 deteriorated to a loss of 52 points or 0.78 per cent. Gains in health, technology and retail stocks were comprehensively outweighed by declines in the heavily-weighted bank and mining stocks.
What moved the market
Local action mirrored Friday s soft end to the week in the US ahead of a market holiday tonight. The