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Australia shares fall for a 5th day, budget eyed

2015-05-11 13:44:51| Agriculture - Topix.net

Australian shares fell for the fifth straight session on Monday as investors dumped banking shares after a lacklustre earnings season and on uncertainty around Tuesday's federal budget. The market opened more than one percent higher following China's latest interest rate cut at the weekend but soon ran out of puff, with selling pressure on major banks, supermarkets Woolworths and Wesfarmers and Telstra .

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