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AAP
AAP
Business
Derek Rose

Australian shares fall again, hitting fresh 5-week low

ASX ENT
The property sector was the worst laggard as the ASX200 hit a new five-week low. (Steven Saphore/AAP PHOTOS)

The Australian share market has dipped further after stronger-than-expected retail sales data in the United States overnight further dimmed hopes for quick interest rate cuts in the world's biggest economy. 

The S&P/ASX200 index on Thursday finished down 46.6 points, or 0.63 per cent, to a fresh five-week low of 7,346.5. 

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