Investors holding information technology and energy shares have been hardest hit after the Australian share market closed lower.
The S&P/ASX200 benchmark index finished lower by 104.6 points, or 1.7 per cent, to 6051 on Tuesday, after US markets closed down on surging coronavirus infections and election jitters.
The ASX200 edged lower for most of the day, and reached its weakest point of 6033.8 at 1410 AEDT.
The All Ordinaries closed down by 110.1 points, or 1.73 per cent, to 6247.2.
The ASX reached a three week low and a fourth consecutive loss.
The Aussie dollar was buying 71.35 US cents at 1621 AEDT, higher from 71.18 US cents at the close of trade on Monday.