Australia Market ends deep in the red

Australian share market ended down for fourth consecutive session on Thursday, 07 January 2016, hit by risk aversion selloff after an unexpected plunge in domestic building approvals in November of last year and as China market suffered 7% circuit breaker for the second time this week. All ASX sectors traded in the red with energy, materials, and financials leading declines. At the close, the benchmark S&P/ASX 200 index tumbled 112.80 points, or 2.2%, to 5010.30 points, while the broader All Ordinaries index lost 103.20 points, or 2.11%, to 5068.80 points. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, rose 12.1% at 21.84, suggesting 6.3% swing in the equity benchmark index in the next 30 days.

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