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ASX struggles lower as bank woes outweigh oil surge

2016-04-11 10:01:22| Grocery - Topix.net

Further falls in the big banks and weakness in the major supermarket owners overwhelmed solid gains in energy and mining stocks to drive shares lower on Monday. A positive weekend lead from Wall Street led the S&P/ASX 200 to open higher at the start of trade, but gains quickly evaporated, with the major lenders, Woolworths and Wesfarmers to blame.

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