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AAP
AAP
Business
Derek Rose

Australian stocks plunge again to new low for 2023

The tech, telecommunications and property sectors finished deep in the red on Thursday. (Steven Saphore/AAP PHOTOS)

The local share market has closed at another new nadir for the year, dragged down by the Middle East conflict, rate-hike expectations and pressure from rising US bond yields.

The benchmark S&P/ASX200 index on Thursday finished down 42 points, or 0.61 per cent, to 6,812.3, its lowest close since October 28, 2022.

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