Australia Market falls to eight straight sessions

Australian share market ended down for eight straight sessions on Tuesday, 12 January 2016, after erasing initial gain late afternoon, as risk sentiments remain subdued amid Chinese growth concerns. Most of the ASX industry groups declined, with shares of energy and materials issues being major losers. At the close, the benchmark S&P/ASX 200 index declined 7.10 points, or 0.14%, to 4925.10 points, while the broader All Ordinaries index lost 8.50 points, or 0.17%, to 4982.20 points.

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