Australian Market is Losing onto Early Gains

• The Australian market is losing onto early gains as investors are trading cautiously ahead of key US Federal Reserve policy meeting today. In morning, the share market has opened higher, tracking overseas markets gains in the wake of encouraging U.S. and European economic data.

• The benchmark S&P/ASX 200 index was up 28.2 points, or 0.6 per cent, to 5117.8, while the broader All Ordinaries gained 26.7 points, or 0.5 per cent, to 5119.8.

• Among the sectors, financials sector was up 0.7 per cent, materials sector gained 0.6 per cent, while consumer discretionary shares were down 0.2 per cent.

• Take a quick look at how regional markets are trading:

• Nikkei: +0.9%
• Hang Seng: +0.3%
• Shanghai: -0.3%
• Taiwan: +0.7%
• South Korea: +0.7%
• Singapore: +0.7%
• New Zealand: -0.4%

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