ASX falls 1.1pc; Congress passes $US892b aid package
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William McInnes
Losses from the major banks and miners weighed the Australian sharemarket on Tuesday, pushing the market to its lowest level in three weeks.
The S&P/ASX 200 Index fell 70.3 points, or 1.1 per cent, to 6599.6, sliding for a third straight session.
BHP Group dropped 1.8 per cent to $42.89, Rio Tinto slid 2.7 per cent to $115.41 and Fortescue Metals Group declined 2.3 per cent to $23.48.
NAB dipped 1.6 per cent to $22.93, Westpac fell 1.6 per cent to $19.56, Commonwealth Bank declined 0.7 per cent to $82.42 and ANZ slid 1.7 per cent to $22.91.
Silver Lake Resources dipped 6.6 per cent to $1.78, Ramelius Resources dropped 6 per cent to $1.65 and Service Stream lost 5.8 per cent to $1.71.