Australian shares closed at their lowest in more than three months on Tuesday as financial stocks extended losses following a scathing Royal Commission interim report on the scandal-hit sector. The S&P/ASX 200 index fell 0.8 percent to close the session at 6,126.2 points, after dropping 0.6 percent on Monday.
The financial sub-index lost 1 percent, with the Big Four banks among the biggest drags, led by Commonwealth Bank of Australia, which fell 1.2 percent. Wealth manager AMP Ltd, which has been one of the worst hit financial institutions amid the damaging revelations of the inquiry, fell 2.9 percent.
Mining stocks were mostly lower, with Rio Tinto falling 0.7 percent. But global miner BHP bucked the trend, edging up 0.3 percent. New Zealand's benchmark S&P/NZX 50 index closed flat at 9,326.59.
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