Aust stocks close 0.9% weaker

The Australian stockmarket closed over 0.9 per cent lower after the iron ore price fell and Chinese data printed weaker than expected, hitting the resources sector.

The Australian stockmarket closed over 0.9 per cent lower after the iron ore price fell and Chinese data printed weaker than expected, hitting the resources sector.

At 4.15pm (AEDT), the benchmark S&P/ASX200 index was 0.93 per cent lower at 5,411.5 points, while the broader All Ordinaries index fell 0.84 per cent to 5,430.8 points.

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