Australian shares take a breather after three-day climb

ASX display board
The materials, tech and utilities sectors all dropped 0.9 per cent, while property rose. -AAP Image

The local share market has snapped a three-day winning streak, dragged slightly lower by weakness in the mining sector.

The benchmark S&P/ASX200 on Tuesday finished 18.3 points down at 7,999.3, a drop of 0.23 per cent, while while the broader All Ordinaries slipped 19.1 points, or 0.23 per cent, to 8,243.3.

It was still the ASX200's second-highest close, with the index finishing above 8,000 for the first time ever on Monday.

The Australian dollar was buying 67.41 US cents, from 67.73 US cents at Friday's ASX close.