AUSTRALIAN STOCKS FALL: Here's what you need to know

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The ASX200’s five-day winning streak came to an end, as the market dipped by 0.64% to close at 6,096.70.

The local market was unable to follow another solid global lead, and also under-performed most regional markets in Asia.

Mining and energy stocks weighed on the market, with the ASX200 materials index finishing down 0.96%.

BHP Billiton and Rio Tinto fell by 0.42% and 0.81% respectively, while Fortescue finished 0.38% lower.

Westpac was the only one of the major banks to finish in positive territory, as the ASX200 financials index fell by 0.29%.

Among other notable movers, listed investment company Platinum Asset Management closed 4.42% higher after analysts at Morgan Stanley re-rated the stock.

Platinum competitor Magellan Financial Group also rose strongly, closing up 4.69% while agricultural company Elders rose by 4.16% to $8.76.

The ASX200 consumer discretionary sector dipped by 0.49% ahead of retail sales data tomorrow, with JB Hi-Fi and falling by 2.01% and 3.15% respectively.

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