Australia market tanks 1.73%

The Australian share market saw another day of heavy selling on Tuesday, 02 June 2015, due to doubts about Greece's ability to make debt payments and after the Reserve Bank of Australia decision on Tuesday to leave the cash rate unchanged at 2%. The benchmark S&P/ASX 200 Index dropped 99.40 points, or 1.73%, to 5636, while the broader All Ordinaries Index dropped 94.10 points, or 1.64%, to 5639.90. Market turnover was relatively light, with 1.5 billion shares changing hands worth of A$3.38 billion.

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