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Reuters New Zealand
Australian shares dip, economic fears weigh
Monday May 18, 12:29 PM
WELLINGTON, May 18 (Reuters) - Australian stocks slipped 0.9 percent lower on Monday, led by lower resources firms such as BHP Billiton (ASX: BHP.ax) and financial stocks such as banks, on concerns over the health of the global economy.
The benchmark S&P/ASX 200 index .AXJO index fell 35.9 points to 3,737.3 by 0015 GMT.
New Zealand's benchmark NZX 50 index .NZ50 was fractionally lower at 2,783.9. (Reporting by Adrian Bathgate)
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