Aussie shares extend losses as banks and BHP slide
The Australian share market has dropped more than half a per cent as investors fret over US moves. -AAP Image
Australia's share market has dropped for a second straight session, as ongoing trade tensions weighed on investor sentiment and the nation's biggest miner took a tumble.
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The S&P/ASX200 fell 58.6 points on Tuesday, down 0.66 per cent, to 8,815.9, as the broader All Ordinaries gave up 56.3 points, or 0.61 per cent, to 9,138.6.
Raw materials stocks and financials led seven of 11 sectors lower, as BHP took a hit after and update revealed a major project cost blowout and persistent price tussles with a key steelmaker.
The Australian dollar is buying 67.37 US cents, up from 66.92 US cents on Monday at 5pm.
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