Australia market tumbles

The Australian share market plummeted on Monday, 24 August 2015, wiping out more than A$60 billion of wealth, as risk aversion selloff spurred by deepening fears over the slowdown in the world's second-largest economy and a possible exit from the eurozone by Greece. All ASX sectors closed lower, with energy and materials were the hardest hit. Meanwhile, selloff pressure was evident in financials, realty, property trusts, industrials and retailers. The benchmark S&P/ASX 200 Index stumbled 213.30 points, or 4.1%, to 5001.30 points, while the broader All Ordinaries Index tanked 210.60 points, or 4.03%, to 5014.20 points.

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