(MENAFN) The Australian share market has closed sharply lower on Monday, with broad-based loses across the index.
At the close of trade, the benchmark S&P/ASX 200 index dropped 69.00 points or 1.11 percent at 6,126.20, while the broader All Ordinaries index declined 72.20 points or 1.15 percent at 6,208.70.
A Commmsec market analyst said: "This was the second biggest tumble for our market in 2019 and it comes courtesy of global markets which didn't do so well on Friday."
"This was sparked by fears of a global growth slowdown after a number of economic indicators were quite disappointing," he added.
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