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Australia: Shares end flat as global unease cuts China rate rally short


[SYDNEY] Australian shares ended little changed on Monday as concerns about the global economy undercut early buying momentum spurred by key trading partner China's latest cut in interest rates.

After rising as much as 0.6 percent in morning trading, the S&P/ASX 200 index backtracked to finish the session down 3.6 points or 0.1 per cent at 5,348.0.

The benchmark is down 1.2 per cent for the year so far and down 11 per cent from the 2015 peak it reached in March.

New Zealand's share market was closed for a public holiday.