Every sector was lower, with the tech and financial sectors down by more than two per cent. -AAP Image
The local share market has made a dismal start to the new year, sinking to a fresh eight-week low amid broad-based selling.
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The S&P/ASX200 index on Tuesday closed down 92.5 points, or 1.31 per cent, to 6946.2, while the broader All Ordinaries fell 90.6 points, or 1.25 per cent, to 7131.1.
The Australian dollar was at a two-week high against its US counterpart, buying 68.24 US cents, from 67.76 US cents at Friday's ASX close.
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