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Australia shares fall on bank, property weakness

Published 10/11/2015, 04:27 pm
Updated 10/11/2015, 04:30 pm
© Reuters.  Australia shares fall on bank, property weakness
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SYDNEY, Nov 10 (Reuters) - Australian shares dropped to their lowest in a month on Tuesday, with property and financial stocks leading losses on worries about global growth and a possible interest rate hike in December by the U.S. Federal Reserve.

The S&P/ASX 200 index .AXJO dipped 0.4 percent or 20.29 points to 5,099.2 at the close of trade. The benchmark has shed 2.3 percent in two sessions.

New Zealand's benchmark NZX 50 index fell 0.75 percent or 45.080 points to finish the session at 6,002.810, though it was still near a record-high touched on Monday.

Tuesday's drop marked its biggest daily percentage fall since late September.

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