The Australian share market finished the session sharply down on Thursday, 18 June 2015, in a broadbased selloff that wiped out more than yesterday's gain after the U.S. Federal Reserve signalled gradual interest rates hike path. All sectors ended lower, with banks and iron-ore miners being top losers. The benchmark S&P/ASX 200 Index retracted 70.50 points, or 1.26%, to 5524.90, while the broader All Ordinaries Index retreated 67.60 points, or 1.21%, to 5522.70. Market turnover was above average with 1.8 billion shares changing hands worth of A$6.06 billion.
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