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S&P/ASX 200 slips as banks take a hit
ASX dips as NAB leads bank falls following news of further Austrac concerns on money laundering breaches.
Welcome to the Trading Day blog for Monday, June 7. The ASX 200 fell 0.19% having dropped as much as 0.3pc after a flat open. The moves follow a record high on Friday and solid gains on Wall Street.
Austrac revealed it had launched several investigations into casino companies and NAB, with NAB falling more than 3% following the news. Fortescue was cut at Morgans. US stocks rose on Friday as a tepid jobs report eased concerns the expanding economy would force the Federal Reserve to pull back on stimulus.
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