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All sectors red as ASX opens lower

9News.com.au logo9News.com.au 12/07/2019

A screen displays stock market prices. © AAP Image/Paul Miller A screen displays stock market prices. Every sector of the Australian share market has dipped at the start of trading following a mixed session on Wall Street.

The benchmark S&P/ASX200 index was down 25.0 points, or 0.37 per cent, to 6,691.1 points at 1015 AEST on Friday, while the broader All Ordinaries was down 22.9 points, or 0.34 per cent, to 6,782.9.

Mining and property trust shares recorded the sharpest losses within the first 15 minutes of trading, with both sectors sliding 0.89 per cent.

BHP was down 0.98 per cent to $40.825 while Rio Tinto was down 0.72 per cent to $103.755 and Fortescue Metals was down 0.91 per cent to $8.69.

The consumer discretionary and financial sectors had the smallest drops, edging down 0.03 per cent and 0.05 per cent respectively.

On Wall Street, the Dow Jones Industrial Average finished up 0.85 per cent to close at a record high while the S&P 500 was up 0.23 per cent and the tech-heavy Nasdaq Composite was down 0.08 per cent.

The Aussie dollar is buying 69.76 US cents from 69.74 US cents on Thursday.

- AAP

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