ASX 200 Closed Near Day's Lows

• The Australian market closed near day's lows and continued the recent sell-off to a fifth day. The benchmark S&P/ASX 200 index lost 39.4 points, or 0.8 per cent, to 5104.2, while the broader All Ordinaries fell 36.7 points, or 0.7 per cent, to 5109.5.

• Among the sectors, materials fell 1 per cent, financials dropped 0.8 per cent and industrials shed 0.9 per cent. Utilities bucked the trend, gaining 0.8 per cent.

• As told in early post, the Australian dollar is trading marginally in higher range today. Presently, it is trading at 91.29 US cents. Citing the Australian dollar strength, General Motors is going to stop its production in Australia by 2017.

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