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AAP
AAP
Business
Jacob Shteyman

Australian shares stumble ahead of key inflation data

ASX
Investors have smashed retailers in a further sign demand is softening. (Steven Saphore/AAP PHOTOS)

The local share market has slumped to its biggest loss in two weeks as investors brace for political uncertainty and unfriendly economic data.

The benchmark S&P/ASX200 index on Monday dropped 48.4 points, or 0.8 per cent, to 7,733.7, while the broader All Ordinaries fell 64.8 points, or 0.81 per cent, to 7,975.1.

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