The Australian share market has closed sharply lower for a third straight day following a sell-off in the 90 minutes of trading as market sentiment quickly reverses.
The S&P/ASX200 benchmark index finished on June 15 on the lows of the day, down 128 points, or 2.19 percent, at a two-week low of 5,719.8 points, while the All Ordinaries index fell 129.9 points, or 2.18 percent, at 5,830.
The Australian dollar meanwhile was buying 67.88 US cents, down from 68.61 US cents on June 12.
Derek Rose
Friends Read Free