Australia Stocks close lower

Australian share market ended steep lower on Tuesday, 15 March 2016, due to profit booking across the board. Nine out of ten sectors lost ground, with energy and material stocks being major losers amid weakness in oil and iron ore prices. At the close, the benchmark S&P/ASX200 index tumbled 74.10 points, or 1.43%, at 5111.40, while the broader All Ordinaries index shrank 73.80 points, or 1.41%, to 5168.60.

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