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Stocks close lower after RBA rate cut

INVESTORS' eyes and wallets appeared to be fixed on the Melbourne Cup and not the Australian stoc...

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The benchmark S&P-ASX 200 index jumped from 4170 points, prior to the news of the rate cut, to 4215 points at market close, down 0.15%, while the All Ordinaries fell 0.08% to 4169.8 points. The RBA’s...

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