Australia market tumbles 1.6%

The Australian share market declined on Thursday, 26 March 2015, as risk aversion selloff triggered across the board, on tracking weak cues from offshore market overnight and an escalation of political turmoil in Yemen, with financial and mining stocks being major losers. The benchmark S&P/ASX 200 Index declined 94.20 points, or 1.58%, to 5879.10, while the broader All Ordinaries Index sank 87.40 points, or 1.47%, to 5849.70.

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