Aussie shares fall to six-week low

Australian share market ended lower for the sixth consecutive session on Wednesday, 17 September 2014, amid caution ahead of a highly anticipated announcement at the conclusion of the September United States Federal Reserve Open Market Committee policy meeting later in the global day. Most of the ASX200 sectors declined, with banks and other high-yield equities tumbling the most on caution before the US Federal Reserve monetary policy announcement later in global day, whilst news of monetary stimulus in China fuelled gains in the material sector. The benchmark S&P/ASX 200 Index declined by 38.10 points, or 0.7%, to 5407.3 and the broader All Ordinaries Index lost by 34.80 points, or 0.64%, to 5411.40. Turnover was relatively stronger with 2.15 billion shares worth of A$5.33 billion traded today.

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