ASX Falls as Mining, Resources Weigh; S&P/ASX 200 Hits Three-Month Low
Australian equity markets closed lower on Tuesday, with the S&P/ASX 200 dropping 0.88% to a three-month low. Weakness in the Gold, Metals & Mining and Resources sectors drove the retreat. Market breadth favored decliners, the ASX 200 VIX rose, and commodity markets moved unevenly with gold lower and crude oil higher.