Australia market ends down on global concerns

The Australian share market closed down on Tuesday, 18 September 2015, as risk aversion selloff triggered after the Reserve Bank's negative outlook for the local economy. Malcolm Turnbull's appointment as Prime Minister had limited influence on the market. Investors are largely opted a wait and see stance because of uncertainty about the US Federal Reserve's highly anticipated meeting on interest rate decision due on Thursday. All ASX sectors ended down, with financial, realty, material, industrial, and energy issues being major drag on the market. The benchmark S&P/ASX 200 index declined 78.10 points, or 1.53%, to 5018.40 points. The broader All Ordinaries index ended down 73.90 points, or 1.44%, at 5046.60.

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