Australia Market falls on profit booking

Australian share market closed down on Tuesday, 10 January 2017, weighed down on profit booking after the Australian financial shares hit 20-months peak previous day. Australian financial market jumped as much as 20% since Nov. 9, when Donald Trump's surprise victory triggered a surge in global stocks amid a wave of optimism that global growth will improve. At the closing bell, the benchmark S&P/ASX 200 index declined 46.70 points, or 0.8%, to 5760.70, while the broader All Ordinaries index shed 44.70 points, or 0.76%, to close at 5813.

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