Australian shares tumble 1.7 pct as US bond yields rise

Eight of the ASX's 11 sectors dropped by more than one per cent, with health care down 2.4 per cent. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has suffered its worst performance in seven weeks, with every sector losing ground as traders brace for a potential second Trump presidency in the United States.

The benchmark S&P/ASX200 index on Tuesday lost 138.7 points to finish at a 13-day low of 8,205.7, a drop of 1.66 per cent, while the broader All Ordinaries dropped 135.1 points, or 1.57 per cent, at 8,469.0.