SYDNEY (Dow Jones)--Weaker offshore equities and commodities markets knocked the Australian share market in quiet trading Monday, with cyclical stocks leading broad declines.

The benchmark S&P/ASX 200 index closed down 56.6 points or 1.5% at an eight-week low of 3737.5, albeit on extremely light volume.

Asian equities markets succumbed to falls in U.S. equities and industrial commodity prices, with Japan's Nikkei 225 ending down 2.6%, while Hong Kong's Hang Seng was down 2.1% and Korea's KOSPI index down 3.2% in late afternoon trading.

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