SYDNEY, AAP – Investors suffered broad-based losses on the Australian share market, despite most Asian markets trading higher and a good US lead.

The S&P/ASX200 benchmark index closed lower by 59.5 points, or 0.86 per cent, to 6821.2 on Tuesday.

The All Ordinaries closed down by 58.7 points, or 0.82 per cent, at 7102.1.

IG Markets analyst Kyle Rodda noted investors pushed the ASX200 higher in the opening minutes, but the index failed to rise above 6900 points and traded lower for most of the session.

The Aussie dollar was buying 77.29 US cents at 1620 AEDT, higher from 76.76 US cents at Monday’s close.