The Australian share market ended steep lower on Wednesday, 08 July 2015, reversing its entire yesterday's gains, as another dive in Mainland China market, the Greek debt crisis and slump in commodity prices overwhelm risk sentiments. All ASX sectoral indices declined, with shares of materials & resources, energy, industrial, and financial companies being top losers. The benchmark S&P/ASX 200 Index stumbled 111.90 points, or 2%, to 5469.50 points, while the broader All Ordinaries Index dropped 107.50 points, or 1.93%, 5456.50 points.
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