Thanks afternoon crew.
End-of-day summary:
The share market fell for the first time in three sessions as a sharp decline in Chinese home prices weighed on the dollar and the demand outlook for Australian raw materials.
The ASX 200 dropped 48 points or 0.67% to 7058. Gold miners, energy producers and tech stocks were the biggest drags during a mixed session for the major banks and bulk metal miners. Aristocrat Leisure, Telstra and Coles were the best of the heavyweight gainers.
The market added to early losses after the October jobs report came in stronger than expected and China reported the biggest decline in home prices in eight years. The Australian dollar dropped 0.7% as Chinese house prices contracted for a fifth straight month. Ore prices in China slid 2.3% this afternoon.
Asian markets paid little heed to modest gains on Wall Street overnight. Hong Kong's Hang Seng index lost 1.65%. Japan's Nikkei 225 index shed 0.51%. The Asia Dow gave up 0.13%. Overnight, the S&P 500 edged up 0.16%.
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Thanks afternoon crew. End-of-day summary: The share market fell...
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