Market weighs on miners

AFTER reporting only gains so far this week, the market closed lower amid the release of an Australian economic study which indicated business investment in the first half of the year had been soft in all sectors apart from mining.

The S&P/ASX 200 dropped by 0.4% or 17 points to 4123.6 and the All Ordinaries were down 0.4% or 19 points to 4156.4.