The Australian equity market declined one-month low on Friday, 11 December 2015, hit by risk aversion selloff for four consecutive sessions, amid concerns about receding global growth and continued slide in crude oil prices. Seven out of ten sectors closed lower. The declines were led by shares of industrial, telecom, material, and energy issues. However, gains in realty, tech, and utilities stocks capped losses. At the close, the benchmark S&P/ASX 200 index dropped 8.20 points, or 0.16%, to finish at 5029.50 points, a lowest level since November 16, 2015, when it closed at 5003.80. The ASX 200 shed 2.3% for the week.
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