Australia Market slips 0.84%

Australian share market ended down after reversing early gain on Tuesday, 02 August 2016, as a tumbling oil price weighed on energy stocks and as the Reserve Bank of Australia cut the benchmark lending rate to a new record low had been expected by the market. At close of trade, the benchmark S&P/ASX 200 index declined 46.90 points, or 0.84%, to 5540.50. The broader All Ordinaries has lost 48 points, or 0.85%, to 5622.10.

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