Australia's share market has trimmed early losses but ended the session slightly lower, with Persian Gulf tensions and underwhelming economic data weighing on confidence.
The S&P/ASX200 fell five points on Tuesday, down 0.06 per cent, to 8,724.4, while the broader All Ordinaries slipped 3.8 points, or 0.04 per cent, to 8,966.
The market started the day on the back foot amid signs US-Iran peace negotiations were stalling, but an afternoon rebound in mining stocks helped cap losses.
"With banks, insurers, and real estate investment trusts under pressure, as well as defensive retailers, retail generally and infrastructure, I would be saying this is related to interest rate concerns, but there has been no events today that are speaking to that," Moomoo market strategist Michael McCarthy told AAP.
