Aust stocks close slightly lower

Local stockmarket declines slightly following release of Chinese GDP figures.

The Australian stock market closed slightly lower following a raft of Chinese economic data, including GDP figures that showed Chinese economic growth slowed in the first quarter of 2013.

At the 1615 AEDT official market close, the benchmark index S&P/ASX200 index slipped 0.21% to 5,295 points, while the broader All Ordinaries index declined 0.17% to 5,307.6 points.

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