Australian shares closed at their lowest level in two weeks, driven down by a sharp sell-off in local technology stocks, mirroring global market trends. The S&P/ASX 200 index ended 1.3% lower at 7,861.20 points, with declines in heavyweight mining and banking sectors adding to the pressure on the benchmark.
All sectors finished in negative territory, marking a notable retreat from the index's recent all-time high of 8,083.70 points reached just last week.
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