Australia Stocks fall as Fed hike rate

Australian share market finished session with red ink on Thursday, 15 December 2016, dragged down by risk aversion selloff, with commodity-related stocks hit hard by the stronger US dollar which surged after the US Federal Reserve raised its interest rate target by a quarter point, and hinted at a brisker pace of rate hikes next year. At the closing bell, the benchmark S&P/ASX 200 index declined 46 points, or 0.82%, to 5538.60, while the broader All Ordinaries index dropped 44.70 points, or 0.79%, to close at 5595.

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