Australia Market tumbles to five-and-a-half-weeks low

Australian share market declined to lowest level in five-and-a-half-weeks on Tuesday, 14 June 2016, on following weak lead from offshore markets overnight sparked by Brexit fears and China's slowdown woes. At close of trade, the benchmark S&P/ASX 200 index declined 109.30 points, or 2.1%, to 5203.30. The broader All Ordinaries dropped 109.10 points, or 2%, to 5282.50. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 780 to 302 and 350 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 25.96% to 20.508 a new 3-months high.

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