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The Australian share market has closed lower after global concerns about the coronavirus outbreak caused falls in most sectors.

After being down as many as 40 points in the morning, the S&P/ASX200 benchmark index rebounded somewhat in the afternoon to finish Monday down just 10.1 points, or 0.14 per cent, at 7,012.5

The broader All Ordinaries index dropped 13.4 points, or 0.19 per cent, to 7,108.

The Australian dollar was buying 66.98 US cents, from 67.17 US cents on Friday.