CHART: Today's rout on the ASX was one of the largest seen in years

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Led by sharp falls in the banks, it was an ugly session for Australian stocks.

The benchmark ASX 200 index finished the day at 4,832.1, down an ugly 2.88%.

Not only did the index close at the lowest level since July 8, 2013, it was also the seventh largest percentage decline registered since the start of 2011.

Truly a substantial decline, and one that left its year-to-date decline at 8.76%.

Coincidentally, its close on February 9, 2006 was 4,832.1, meaning the index – excluding dividends – has now gone nowhere over the past ten years.

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