Heightened investor fears about global growth have caused the sharpest daily fall on the Australian share market in four months, with energy companies and banks the hardest hit.
The Australian share market has shot out off the blocks in early trade on Monday, boosted by gains on Wall Street and a continuing recovery in oil prices.
The Australian share market has closed nearly 2 per cent higher, posting gains for a third straight session, as a strong rise in oil prices lifted markets worldwide.
Australian stocks have opened up more than a half per cent after a bounce in oil prices and hints by the head of the European Bank of more stimulus measures.
Premier Colin Barnett has rejected calls for an independent inquiry into the deadly Yarloop bushfire to also include the recent Esperance bushfires, which killed four people.
The Australian share market ended the session in red amid heightened concerns about the Chinese economy following major falls on international markets.
Business News has welcomed 2016 with a strategic shift in its publishing cycle, returning to a fortnightly production schedule from this first edition of the newspaper in 2016 which includ