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AAP
AAP
Business
Derek Rose

Aust shares break winning streak as RBA lifts rates

RBA ASX Reserve Bank
The financial sector has been the biggest laggard, while the tech sector has gained ground. (Joel Carrett/AAP PHOTOS)

The local share market has snapped its five-day winning streak with a modest loss while quickly bouncing back from a deeper drop after the Reserve Bank raised rates for the first time since June.

The benchmark S&P/ASX200 index finished 20.3 points lower at 6,977.1, a drop of 0.29 per cent, while the broader All Ordinaries fell 15.7 points, or 0.22 per cent, to 7,176.6.

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