Australian share market ended steep lower on Wednesday, 27 January 2016, snapping three day winning streak, amid profit booking on renewed weakness in crude oil prices and sharp falls on the Chinese equity market yesterday. Barring realty and bullion, All ASX sectors declined, with energy, materials, and financial issues being major losers. At the close, the benchmark S&P/ASX 200 index declined 60.20 points, or 1.2%, to 4946.40 points, while the broader All Ordinaries index dropped 56.30 points, or 1.11%, to 5000.80 points.
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