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AAP
AAP
Business
Adrian Black

Australian shares dip as CommBank drags bourse lower

Commonwealth Bank shares have tumbled while the broader Australian share market improved. (Bianca De Marchi/AAP PHOTOS)

Australia's share market has stumbled after a snag in Commonwealth Bank's quarterly update sparked a dramatic sell-off that wiped $12 billion from Australia's biggest company.

The benchmark S&P/ASX200 fell 17.1 points on Tuesday, down 0.19 per cent, to 8,818.8, as the broader All Ordinaries lost 11 points, or 0.12 per cent, to 9,098.4.

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