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Australia shares edge lower as heavyweight miners lose ground
Australian shares edged lower on Thursday as weak commodity prices hit heavyweight miners, although gains in most other sectors, led by technology stocks, limited losses. The S&P/ASX 200 was down 0.4% at 9,118.80, as of 2326 GMT. The benchmark retreated from a roughly 1.4% gain over the last three sessions. Heavyweight miners, accounting for around a quarter of the resource-heavy bourse, slipped nearly 2%, with BHP Group and Rio Tinto down 1.6% and 1.9%, respectively. Iron ore prices were pressured by anticipated steel output curbs in top consumer China, which are expected to dampen demand...
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