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SYDNEY, AAP – Investors have had their biggest loss in a week on the Australian share market, after the materials and financial sectors slipped by more than one per cent.

The S&P/ASX200 benchmark index closed lower by 52.4 points, or 0.78 per cent, to 6663.0 on Monday.

The All Ordinaries closed lower 51.4 points, or 0.74 per cent, at 6935.4.

The materials sector lost 1.93 per cent while financials fell 1.07 per cent.

US markets closed lower on Friday after disappointing economic data amid the pandemic.

The Aussie dollar was buying 76.84 US cents at 1616 AEDT, higher from 77.61 US cents at Friday’s close.