The Australian share market closed steep lower on Monday, 29 June 2015, echoing global market slide, on mounting likelihood of Greece default on its debts after Athens announced a referendum on the nation's bailout terms. All ASX sectors closed lower, with shares of consumer discretionary, financials, energy, and material companies being major losers. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both tumbled by 2.2% to 5422.50 and 5416.60, respectively. Market turnover was relatively strong with 2.1 billion shares changing hands worth of A$5.32 billion.
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