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Budget blues weigh on miners

MINERS led the way as Australian stocks slipped into the red today on discouraging interpretations of last night’s federal budget announcement and lukewarm expectations for Chinese resources demand.

Justin Niessner

The S&P/ASX 200 fell sharply in morning trading to reach a low of 5168 points near midday before closing 0.6% lower than yesterday at 5191. The worst performing sector was basic materials, posting...

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