Australian share market ended at lowest levels not seen since 2013 on Monday, 18 January 2016, as risk aversion selloff fuelled on tracking drop in global stock markets, with energy, materials and resources stocks being major losers on concerns about Chinese economic growth and plummeting oil prices. At the close, the benchmark S&P/ASX 200 index declined 34.10 points, or 0.7%, to 4858.70 points, while the broader All Ordinaries index dropped 36.70 points, or 0.74%, to 4911.80 points. The local market has lost over 8% since the start of 2016. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, increased 2.3% at 24.06, suggesting 7% swing in the equity benchmark index in the next 30 days.
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