The S&P/ASX 200 Index fell less than 2 points to 7386.3. Hub24 fell 4.5 per cent to $26.70, and JB Hi-Fi shed 1.3 per cent to $46.51.
A better-than-expected performance by China’s economy in the December quarter failed to galvanise investors, overshadowed by the historic fall in China’s population, and leading Australian stocks to finish weaker.
The National Bureau of Statistics said China’s population shrank by 850,000 last year to 1.41 billion. Rio Tinto shares declined 1.2 per cent to $120.67; Rio completed another underwhelming year of iron ore export volumes, with the miner shipping 321.63 million tonnes from Western Australia. JB Hi-Fi shares failed to capitalise on better-than-expected Christmas trading, finishing 1.3 per cent lower at $46.51.
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