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Trading Day: Australian sharemarket slips after record high, Nuix tumbles

The S&P/ASX 200 closed down 0.3% at 7161.6 amid regional falls after rising 0.3% to a record high of 7203.3. Link sank on PEXA worries, Nuix shares dived, REA in Asia shake-up, 29Metals to float.

The local sharemarket struck a record closing high at the end of last week. Picture: AAP
The local sharemarket struck a record closing high at the end of last week. Picture: AAP

The S&P/ASX 200 turned down by lunch after hitting an all-time high. Link sank on PEXA worries, Nuix shares dived, REA in Asia shake-up, 29Metals to float.

In other developments, Dexus upgraded guidance, and markets watched China PMI data. SPI futures had pointed to a small opening gain after Wall Street rose on Friday ahead of Memorial Day weekend in the US.

Read related topics:ASXCoronavirus

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-asx-tipped-for-turbulent-trade-ahead-of-busy-data-week/live-coverage/29da999c269c954dfed365ff68014d1c