Market Update: The S&P/ASX 200 was 0.3% lower at 5,290pts as Chinese GDP showed slower growth

Market Update: The S&P/ASX 200 was 0.3% lower at 5,290pts as Chinese GDP showed slower growth. Financials continued to show weakness with all the major banks down between 0.3% to 0.6%. BHP and RIO both up 0.1%. Paladin Energy rose 3.6% after the sale of 25% interest in Langer Heinrich. Gold miners were a standout as spot gold rose 0.9% last Friday night. Silver Lake Resources jumped 17.2% and Resolute Mining added 11.1%. Super Retail Group rebounded 4.0% after last Friday's plunge. The AUD was soft and hit a 3.5 year low of US$0.8756. It is currently trading at US$0.8781. The SPI was down 0.4% at 5,248pts on the Sydney Futures Exchange.