Aust stocks close slightly lower

The Australian sharemarket closed slightly lower today.

The Australian sharemarket closed slightly lower today as global investors sold stocks on high earnings multiples following sharp losses for technology stocks in United States trade.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index was 9.1 points, or 0.17% weaker, at 5,413.7 points, while the broader All Ordinaries index shed 12.5 points, or 0.23%, at 5,416.1 points.

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