Australia shares fall 0.7 pct on global growth doubts

  MELBOURNE, Aug 31 (Reuters) - Australian stocks opened lower on Tuesday, erasing half of Monday's gains as the big miners and banks fell on worries about a shaky global economic recovery. The benchmark S & amp;P/ASX 200 index .AXJO was down 31.9 points or 0.7 percent at 4,420.8 as of 0024 GMT.  

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