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Australia shares close lower

Wednesday, 7 August 2013


SYDNEY, Aug 6 (Reuters): Australian shares fell 0.1 per cent on Tuesday after Wall Street dipped slightly overnight, with investors turning to the local reporting season for cues after the Reserve Bank of Australia (RBA) cut its key policy rate by 25 basis points as widely expected. The S&P/ASX 200 index fell 5.7 points to finish at 5,105.6 in thin trade. The benchmark eased 0.1 per cent on Monday. New Zealand's benchmark NZX 50 index fell 0.3 per cent or 14 points to finish the session at 4,575.5.