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Australian market weaker at opening

Xinhua, June 25, 2015 Adjust font size:

Australia's markets opened weaker amid fresh fears surrounding Greece's bailout negotiations that saw global stocks take a tumble overnight.

On Thursday's market opening, the benchmark S&P/ASX200 index fell 0.27 percent to 5,671.3 points joined by the broader All Ordinaries index that lost 0.27 percent to 5,657.5 points.

Utilities dropped 1.11 percent overall with AGL taking the lead, slipping 1.86 percent.

Financials fell 0.44 percent, with the National Australia Bank loosing 0.09 percent, ANZ down 0.51 percent and the Commonwealth Bank of Australia (CBA) falling 0.25 percent.

However, the miners gained 0.10 percent. Rio lifted 0.9 percent while rival BHP Billiton rallied 0.74 percent after the price in iron ore jumped 2 percent to 61.70 U.S. per tonne. Endi