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Chinese worries quash investor appetite

A LACKLUSTRE performance from stocks has pushed the local market into negative territory on the back of speculation Chinese manufacturing may contract for a sixth month and lower-than-estimated company profits.

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The S&P/ASX200 index closed down 0.32% or 14.1 points to 4352.4, while the All Ordinaries followed suit, shedding 14.12 points to 4430.3. “Investors are taking a wait-and-see attitude as some earnings...

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