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The Australian share market is expected to open lower following a post-election surge in stocks on Monday.

The SPI200 futures contract was down 41 points, or 0.63 per cent, at 6,444.0 at 0800 AEST, suggesting a fall for the benchmark S&P/ASX200 on Tuesday.

It was a negative session on Wall Street overnight, with the Dow Jones Industrial Average finishing down 0.33 per cent, the S&P 500 down 0.67 per cent and the tech-heavy Nasdaq Composite down 1.46 per cent.

The Reserve Bank of Australia will release the minutes of this month’s board meeting at 1130 AEST on Tuesday, potentially providing clues about the timing of any cut to interest rates.

The Aussie dollar is buying 69.09 US cents from 69.26 US cents on Monday.