Australian stocks follow global falls: Afternoon Market Insights

The Australian sharemarket traded into the red today, after all major global bourses posted losses.

At 2pm, the ASX200 shed 0.28% to 4373.1, while the broader All Ordinaries index lost 0.30% to 4395.8.

The Australian dollar traded lower then higher, finishing not far off yesterday’s price. It’s buying $US1.04365.

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