Australian stocks descend at close of trade

On Tuesday, Australian stocks sank after the close because losses in the Consumer Discretionary, Financials as well as Utilities sectors brought stocks down.

The S&P/ASX 200 edged down 0.80%.

The best performers of the session on the S&P/ASX 200 included Evolution Mining Ltd, Resolute Mining Ltd and South32 Ltd. They rallied respectively 2.33%, 2.21% and 1.99%.

The worst performers were represented by GWA Group Ltd, Seven West Media Ltd and Syrah Res F. They dropped 6.97%, 5.59% and 4.86% respectively.   

Dropping stocks outperformed surging ones on the Australia Stock Exchange by 600 to 418, while 340 remained intact.

The S&P/ASX 200 VIX, which estimates the implied volatility of S&P/ASX 200 options, soared 3.41%, trading at 13.055, a fresh 1-month peak.

The currency pair AUD/USD surged 0.24%, reaching 0.7373, while AUD/JPY dived 0.23%, being worth 85.14.

The US Dollar Index headed south 0.28%, trading at 101.63.

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