Aust stocks pull back amid profit warnings

Australian stocks fallen for just the fourth time in 2020 after days of record highs amid profit warnings and concerns about the deadly virus outbreak in China.

The benchmark S&P/ASX200 index closed Thursday down 44.7 points, or 0.63 per cent, at 7,088 points while the broader All Ordinaries index was down 50 points, or 0.69 per cent, at 7,199.

The Australian dollar was buying 68.59 cents, down from 68.87 cents at Wednesday’s close.

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