Australia market falls for third consecutive day

The Australian share market declined for third consecutive session on Wednesday, 28 October 2015, on tracking weak cues from Wall Street overnight, with energy and material stocks leading losses amid fall in commodity prices. But loses were minimal as soft inflation data fuelled hopes of a November rate cut by the RBA. The benchmark S&P/ASX 200 index declined 11 points, or 0.21%, to 5335.20 points, while the broader All Ordinaries index sank 0.20 points, or 0.19%, to 5374.40 points.

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