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Australia shares close lower

Australian shares ended lower on Monday, on worries over global trade protectionism with financials and real estate stocks leading the losses.

The S&P/ASX 200 index slid 0.4 per cent or 20.75 points, to 5,778.90 at the close of trade.

The benchmark snapped four sessions of gains after financial leaders of the world’s biggest economies dropped a pledge to keep global trade free and open, giving way to an increasingly protectionist United States after a two-day meeting failed to yield a compromise.


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