Australia Market falls 1.2% on Tuesday

Australian equity market finished session sharply lower on Tuesday, 18 July 2017, dragged down by continued losses in financial stocks amid concerns over APRA's new capital rules and Rio Tinto stocks fall after the company cut its 2017 iron ore guidance. The S&P/ASX 200 index lost 68.1 points, or 1.2%, to 5687.4.

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