Australia Market extends losses

Australian share market declined on Wednesday, 06 July 2016, on the back of yesterday's weaker trade balance figures and domestic political uncertainty. At close of trade, the benchmark S&P/ASX 200 index declined 30.50 points, or 0.58%, to 5197.50. The broader All Ordinaries shrank 28.10 points, or 0.53%, to 5284.70. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 582 to 451 and 293 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.72% to 19.232.

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