Australian share market finished the session steeply lower on Tuesday, 05 January 2016, on rekindled concerns about the global fallout of Chinese economic slowdown. All sectors traded in the red with energy, materials, and financials leading declines. At the close, the benchmark S&P/ASX 200 index ended 86.10 points, or 1.63%, down at 514.40 points, while the broader All Ordinaries index lost 83.60 points, or 1.57%, to 5239.20 points. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, rose 7.6% at 18.94, suggesting 5.4% swing in the equity benchmark index in the next 30 days.
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