Australian Market is Trading Lower Today

• The Australian market is trading lower extending on last week's sell off supported by falling banking shares. In morning session, the benchmark S&P/ASX 200 index opened slightly lower by 4 points at 5,308.4 while the broader All Ordinaries opened lower by 3.5 points at 5,312.8.

•  The Australian dollar is also trading weak against US dollar on the back of disappointing data from US jobs report for December, 2014. Presently, it is trading at 90.31 US cents.

• Regional markets are also taking a hit today. Here's how all regional markets are doing:

• Hong Kong: -0.05%

• Shanghai: +0.05%

• Taiwan: +0.5%

• Korea: +0.6%

• ASX200: -0.35%

• Singapore: -0.2%

• New Zealand: +0.6%

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