Australian share market finished session lower on Monday, 23 May 2016, due to heavy selloff in energy, materials, and industrial stocks. At close of trade, the benchmark S&P/ASX 200 index declined 32.40 points, or 0.61%, to 5318.90. The benchmark hit its lowest point since lowest point since May 6. The broader All Ordinaries fell 30.30 points, or 0.56%, to 5384.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 548 to 479 and 310 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.99% to 17.780.
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