Australian stocks closed marginally lower.
- ASX 200: 5,713.60 -7.00 -0.12%
- All Ordinaries: 5,772.40 -6.58 -0.11%
- AUD/USD: 0.7984 +0.0025 +0.31%
The local market opened strongly, promising a second day of gains, but faded as the day headed to the close.
The miners were marginally higher and the major banks mixed.
The ANZ Bank was up 0.1% to $30.220 but the Commonwealth dropped 0.5% to $76.28.
Among the miners, Rio Tinto was up 0.3% to $66.89.
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