Aussie shares fall to six-week low

Australian share market ended lower on Tuesday, 16 September 2014, as risk aversion selloff continued on caution ahead of the start of a United States Federal Reserve Open Market Committee policy meeting later in the global day. Almost all ASX200 sectors declined, exception being material sector which rose on tracking the sharp rebound in the iron ore price overnight. Banks and other high-yield equities tumbled the most in anticipation that the US Federal Reserve would signal a sooner-than-expected increase in interest rates at its meeting this week. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each declined by 0.5% to 5445.40 points and 5446.20 points, respectively. Turnover was relatively healthy with 1.93 billion shares worth of A$4.43 billion traded today.

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