Five of six local sectors on the ASX were trading in the red by the close, led by healthcare. -AAP Image
The Australian share market has recorded its biggest slip at the end of trading since the start of the month following a run of record-closing highs.Â
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The S&P/ASX200 was down 62.2 points, or 0.69 per cent, to 8,897.1, as the broader All Ordinaries fell 59.9 points, or 0.65 per cent, to 9,173.6.
Tuesday's close marked the steepest drop since August 1, when stocks fell by 0.92 per cent, and after four record-breaking closes last week into this week.
It was a mixed trading session with five of six local sectors trading in the red by the close, led by healthcare while info tech was the highest-performing sector.
Healthcare stocks led the stumble, dropping8.34 per centafter biotech giant CSL's share price plummeted 16.04 per cent to $227.79 per share on the announcement that up to 3000 jobs will be cut and its vaccine arm will be spun off in a bid to shave $500 million off its bottom line.
The Australian dollar ended the day buying64.83 US cents, down from 65.13 US cents on Monday's close.
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