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Markets Live: Banks sink shares

Stocks ended the day lower with the big lenders weighing heaviest, while iron ore miners give up some of yesterday's gains.

Ten shares surge on reports of interest from PE firms, while grocer Metcash's profits slump, as the market gains ahead of key Chinese factory data.

Ten shares surge on reports of interest from PE firms, while grocer Metcash's profits slump, as the market gains ahead of key Chinese factory data.

Local shares slump below 5400 on a steep fall in the iron ore price, while conflict in Iraq sends oil prices up, boosting energy and gold stocks.

Shares are set for a tentative start with investors eyeing trade and retail sales data this morning followed by the RBA's rate decision.

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