Commodity stocks weigh on Australia market

Australian share market lost ground for the second straight day on Wednesday, 25 June 2014, as investors continue to consolidate their portfolio due to drop in the US markets overnight, continued conflicts in Iraq and Ukraine and ahead of the end of the tax year next Monday. Most of the sectors descend, with shares of energy, materials and financials counters leading decline. The benchmark S&P/ASX200 dropped 0.57% to 5402 and the broader All Ordinaries sank 0.52% to 5386.80.

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