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Australia Shares Pull Back Further -- Market Talk

15 Nov 2017 5:39 am

0539 GMT - Australian stocks finished at session lows as retreating commodities prices continued to weigh on that market, as well as others throughout the region Wednesday. The S&P/ASX 200 fell 0.6% to 5934.2, building on yesterday's 2-month-worst 0.8% drop. The index is now as its lowest closing level in 2 weeks, coming just a week after hitting 10-year highs in part on strength in commodities prices. The energy subindex fell 1.7%, building on yesterday's 2.1% drop, the most since July. Meanwhile, miners BHP Billiton and Rio Tinto fell more than 2%, continuing to retreat from their recent multiyear highs. (robb.stewart@wsj.com; @RobbMStewart)
 

(END) Dow Jones Newswires

November 15, 2017 00:39 ET (05:39 GMT)

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