Mining, energy knock Australia stock index lower

April 1, 2015 2:54 AM

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SYDNEY/WELLINGTON, April 1 (Reuters) - Australian shares fell on Wednesday as mining and energy companies came under heavy pressure on persistently weak commodity prices, while bank stocks continued to consolidate recent steep gains.

The S&P/ASX 200 index was down 0.5 percent, or 31.8 points, at 5,859.7 by 0241 GMT, reversing most of Tuesday's 0.7 percent gain. A big fall in U.S. equity futures during the Asian day added to the negative sentiment.

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