Australia Stocks end in a sea of red

Australian equity market finished session lower on Tuesday, 29 August 2017, as risk aversion selloff flared by escalating Korean peninsula geopolitical tensions after North Korea fired a missile over northern Japan. Most of the ASX sectors dived into sea of red, with financials and consumer discretionary stocks being major losers. At the close, the S&P/ASX 200 index was down 0.7%, or 40.89 points, to 5669, while the broader All Ordinaries index also closed down 0.7%, or 37.6 points at 5733.6. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 685 to 470 and 347 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 7.43% to 13.634.

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