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ABC News
ABC News
Business
business reporter Samuel Yang and wires

New home building work suffers biggest decline in 21 years; Webjet jumps on bullish prospect; ASX falls

Australian shares have fallen, dragged down by energy and mining stocks on weak commodity prices, while overnight Wall Street losses also weighed on sentiment amid rising fears of a global economic slowdown due to aggressive interest rate hikes.

The ASX 200 trimmed losses from a nearly 1 per cent fall at open and closed down 12 points or 0.2 per cent to 6,987.

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