A drop in capital expenditure, falling iron ore spot prices and Japanese institutional selling have contributed to the S&P/ASX200 Index's slide.

Australian stocks fell as much as 1.5 per cent after the Australian Bureau of Statistics reported capital expenditure in the country fell while an increase in building approvals raised concerns the economy will not be supported by further rate cuts.

At 1345 AEST the S&P/ASX200 Index was down 55.128, or 1.1 per cent, to 4,919.60, after earlier falling as low as 4,897.80.


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