Aust stocks close lower

Local market slips as global investors stay in holding pattern due to short US week.

The Australian stock market has closed lower despite stronger than expected local construction work data as investors around the world stay put during a shorter United States week.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index was 0.45% lower at 5,332.9 points, while the broader All Ordinaries index fell 0.48% to 5,324.9 points.

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