Australian shares drop despite an easing in oil prices

Key points

• Australian shares fell on Tuesday, with the S&P/ASX200 index down 0.25 per cent and the All Ordinaries down 0.19 per cent. Investors are cautious ahead of key economic data, interest rate decisions, and US tech earnings.
• Eight of 11 sectors declined, with financials and consumer staples weighing heavily. Star Entertainment shares surged 20 per cent after a strong earnings update, while SCX.ai joined Elon Musk's SpaceX Super Intelligence Partner Network.
• The Australian dollar dropped to 70.20 US cents.