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Australia’s share market fell short of an eighth consecutive positive session as banks and miners dropped after a poor US lead.

The S&P/ASX200 benchmark finished down by 16.5 points, or 0.27 per cent, to 6179.2 on Wednesday.

The index finished below the 6200 level, which it breached on Tuesday for the first time since March.

The All Ordinaries index was worse by 12.8 points, or 0.2 per cent, to 6387.4.

US markets finished lower after Johnson & Johnson revealed it paused a study for a COVID-19 vaccine after a participant suffered an unexplained illness.

The Aussie dollar was buying 71.68 US cents at 1618 AEDT, lower from 71.88 US cents at the close of trade on Tuesday.