Australian shares finish lower

AUSTRALIAN shares have closed lower as Asian markets fall on fears of a credit squeeze in China.

At the close on Tuesday, the benchmark S&P/ASX200 index was down 13.1 points, or 0.28 per cent, at 4,656, while the broader All Ordinaries index was down 17.6 points, or 0.38 per cent, at 4,633.5.

On the ASX 24, the September share price index futures contract was eight points lower at 4,625, with 39,730 contracts traded.

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