Aust stocks close 0.7% weaker

Local market finishes lower as China's manufacturing sector contracts further.

The Australian sharemarket closed lower today after Chinese manufacturing numbers disappointed, retail sales remained uninspiring and the Reserve Bank of Australia kept the official cash rate on hold.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index was 38.8 points, or 0.7%, lower at 5,479.7 points, while the broader All Ordinaries index fell 38.7 points, or 0.7%, to 5,460.5 points.

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