Aust stocks close lower

Local market slips after Rio Tinto announces reduction in capital expenditure.

The Australian stock market closed lower today as the major miners weighed on the market as Rio Tinto announced a reduction in capital expenditure.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index lost 0.44% to 5,256.1 points, while the broader All Ordinaries index fell 0.45% to 5,249.6 points.


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