Australian Market Report of January 8: Profit-taking Selling

  Sydney, Australia, Jan 8, 2010 - (ABN Newswire) - The Australian shares closed lower on Thursday despite mining shares were stronger on expectations of higher iron ore prices. The fall was largely due to weakness in financial stocks. The market saw some profit-taking selling in miners in the afternoon. At the close, the benchmark S & amp;P/ASX 200 index fell 22.0 points, or 0.45 per cent, to 4899.  

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