Aust stocks close lower

Investors take profits after yesterday's strong rise, while gold stocks lift on worries about Iraq.

The Australian sharemarket has closed lower today as investors took profits after yesterday's strong gains on the back of dovish tones from the US Federal Reserve.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index fell 48.7 points, or 0.89%, to 5,419.5 points, while the broader All Ordinaries index shed 44.8 points, or 0.82%, to 5,401.6 points. 


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