Australia stocks hit by plunging copper prices

Australian share market finished the session lower for third consecutive session on Wednesday, 14 January 2015, on the back of selloff pressure across the board, with shares in materials & resources being major losers in response to a fall in the price of copper to its lowest level in five years. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both declined by 0.9% to 5353.60 and 5332.20, respectively.

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