Australia market sinks to two-month low

Australian share market declined to lowest level in two months on Wednesday, 18 June 2014, as risk off selloff amidst geopolitical concerns in Iraq and on caution ahead of the Federal Reserve decision. Most the sectors dived into sea of red, with shares of energy companies and lenders leading decline. The benchmark S&P/ASX200 and the broader All Ordinaries each declined by 0.3% to 5382.70 and 5363.90, respectively.

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