Australia stocks lower at close of trade; S&P/ASX 200 down 2.00%

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At the close in Sydney, the S&P/ASX 200 declined 2.00% to hit a new 3-months low.

The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd (ASX:WHC), which rose 4.02% or 0.130 points to trade at 3.360 at the close. Meanwhile, G8 Education Ltd (ASX:GEM) added 3.81% or 0.040 points to end at 1.090 and Silver Lake Resources Ltd (ASX:SLR) was up 3.73% or 0.050 points to 1.390 in late trade.

The worst performers of the session were Virgin Money PLC (ASX:VUK), which fell 7.43% or 0.30 points to trade at 3.74 at the close. Mineral Resources Ltd (ASX:MIN) declined 6.85% or 3.07 points to end at 41.74 and Domino’S Pizza Enterprises Ltd (ASX:DMP) was down 6.26% or 10.05 points to 150.41.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 845 to 512 and 410 ended unchanged.

Shares in Whitehaven Coal Ltd (ASX:WHC) rose to 52-week highs; up 4.02% or 0.130 to 3.360.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 26.67% to 15.781 a new 6-months high.

Gold Futures for December delivery was down 0.11% or 1.85 to $1755.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.63% or 0.47 to hit $74.56 a barrel, while the December Brent oil contract fell 0.60% or 0.47 to trade at $77.84 a barrel.

AUD/USD was down 0.26% to 0.7207, while AUD/JPY fell 0.31% to 80.15.

The US Dollar Index Futures was up 0.06% at 94.297.