Fed, China jitters hit Aust stocks as Asia falls

Markets retreat across region after strong US jobs report puts stimulus tapering timeline back in spotlight, China growth fears persist.

Investors shrugged off a positive Wall Street lead to push the Australian stock market into negative territory after a better-than-expected US jobs report put the Federal Reserve's stimulus tapering timeline back in the spotlight and fears over China's growth persisted.

Markets across Asia fell as materials came under heavy selling pressure, led by gold miners in response to the downward movement in commodity markets.

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