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Investors tread with caution

FEARS of another global recession has forced investors to the sidelines, with the Australian market down on the back of weak overseas leads despite the G20 pledging to address heightened downside risk in the global economy, while gold and base metals tumbled.

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The S&P/ASX 200 index closed 61.7 points lower at 3903.2, while the broader All Ordinaries closed 66.2 points lower at 3978.5. “The market is pricing in a recession,” Nikko Asset Management Corporation...

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