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Australian market suffers 2nd worst fall since May

Xinhua, September 10, 2015 Adjust font size:

The Australian market fell sharply on Thursday following poor leads from the U.S. overnight to record its second worst fall since May 2015, second behind the falls of August 24.

At the 4.15 p.m. (AEST) official market close, the benchmark S& P/ASX200 index had fallen 126.1 points, or 2.42 percent, to 5095, while the broader All Ordinaries had lost 120 points, or 2.29 percent, to 5116.9.

The financials hit the market hard with Westpac down 3.3 percent, ANZ fell 3.12 percent, the National Australia Bank slumped 3.49 percent and the Commonwealth Bank of Australia slipped 2.07 percent.

BHP Billiton retreated 2.96 percent, Rio Tinto edged 0.47 percent lower.

Oil Search fell 3.57 percent, Woodside slipped 2.58 percent and Santos dropped 5.14 percent.

Wesfarmers dropped 1.82 percent while Woolworths slumped 2.21 percent. Endi