Aust stocks close deep in the red

Local market follows Wall Street lower, with high valuation stocks falling.

The Australian sharemarket has closed deep in the red today, following Wall Street lower after soft Chinese trade data and an offshore move away from high-growth tech and biotech stocks.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index declined 52.2 points, or 0.95%, to 5,428.6, while the broader All Ordinaries index lost 54 points, or 0.99%, at 5,423.5.


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