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Australian shares fell on Monday as BHP Billiton tumbled to reflect its new valuation after spinning off its non-core businesses and as investors sold bank stocks on concerns dividend growth may slow.
The S&P/ASX 200 index fell 1.3 per cent or 76.3 points to close at 5,659.2, its lowest since May 11.
New Zealand’s benchmark NZX 50 index ended up 12.3 points or 0.2 to finish the session at 5,772.7.
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