Aussie share market closes lower

The Australian share market closed lower on Tuesday.

At 4:15 p.m. (AEST), the benchmark S&P/ASX 200 index was down 109.3 points, or 2.06 percent, at 5,203.3 points, while the broader All Ordinaries index was down 109.1 points, or 2.02 percent, at 5,282.5 points.

IG market analyst Angus Nicholson told Xinhua that whilst the market didn't have the best day, it did have to play a bit of catch up having been closed yesterday.

"It was one of the worst sells offs we've seen since I think early April," Nicholson said.

"The ASX is sitting right on 5,200 which is a very key support level."

He noted the energy and banking sector did not fair well.

"The retreat in the oil price really hit energy stocks today," he said.

"But I also think the risk off sentiment and concerns about a range of macro factors from Brexit to China to Fed monetary policy. All of that also weighed on the index as a whole."

At the close, ANZ lost 2.47 percent, the Commonwealth Bank of Australia was down 2.40 percent, the National Australia Bank fell 2.15 percent, and Westpac was down 2.20 percent.

BHP Billiton lost 2.93 percent, rival Rio Tinto was down 1.57 percent while gold miner Newcrest closed the day 1.39 percent higher.

Oil Search was down 2.18 percent, Santos fell 6.57 percent and Woodside Petroleum closed the day 2.74 percent lower.

Wesfarmers lost 1.96 percent while Woolworths was down 1.90 percent.

Qantas closed the day 4.33 percent lower, while Telstra closed the day 1.74 percent lower. Endit