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This is an archive article published on June 27, 2011

Australia shares fall 1 per cent

Australian shares declined 1.0 per cent on Monday,holding just above the year8217;s low hit a week ago,and on track for the worst quarterly performance in a year as global worries deterred investors. Ahead of the fiscal year-end on Thursday,investors had little reason to buy in with worries about US growth and the Greek debt crisis hellip;

Australian shares declined 1.0 per cent on Monday,holding just above the year8217;s low hit a week ago,and on track for the worst quarterly performance in a year as global worries deterred investors.

Ahead of the fiscal year-end on Thursday,investors had little reason to buy in with worries about US growth and the Greek debt crisis weighing on financial markets.

The benchmark Samp;P/ASX 200 index tumbled 46.3 points to 4,461.8,ending above the year low of 4451.70. It firmed 0.2 per cent on Friday and posted its first weekly gain in five weeks.

New Zealand8217;s benchmark NZX 50 index ended down 0.5 per cent to 3,438.1.

 

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