Tuesday, February 2, 2010

Australia shares slip

Australian shares dropped 1.0 percent on Monday, retreating to their lowest in nearly three months, after weak local job advertisement data dampened optimism about economic growth prospects. The benchmark S&P/ASX 200 index fell 45.5 points to 4,524.1, the lowest close since November 5. The index ended January down 6.2 percent for the worst monthly performance since November 2008.

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