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Markets Live: S&P peaks, ASX slides

2014-11-21 13:52:32| Agriculture - Topix.net

Shares fall despite Wall Street setting new records, as gains in miners and energy stocks are offset by losses in banks and Wesfarmers, putting the ASX on track for a weekly loss of 2.5%. Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker says.

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