Australia market extends fall on Greek debt default jitters

The Australian share market closed steep lower on Monday, 29 June 2015, echoing global market slide, on mounting likelihood of Greece default on its debts after Athens announced a referendum on the nation's bailout terms. All ASX sectors closed lower, with shares of consumer discretionary, financials, energy, and material companies being major losers. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both tumbled by 2.2% to 5422.50 and 5416.60, respectively. Market turnover was relatively strong with 2.1 billion shares changing hands worth of A$5.32 billion.

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