Australia stocks drop on earnings disappointment

The Australian share market ended weaker in volatile trade on Tuesday, 11 August 2015, washing out Monday's improvements and falling back to near four-week lows, as several corporate earnings results failed to impress and the banks new regulatory requirements continued to weigh on investors' minds. Eight out of ten ASX sectors fell into the sea of red, with shares of healthcare, industrials, financials, utilities and technology stocks being major looser, while only mining and energy stocks bucking the trend . The benchmark S&P/ASX 200 Index lost 36 points, or 0.65%, to end at 5473.20 points, while the broader All Ordinaries Index declined 31.80 points, or 0.58%, to 5473.10 points. Volume was above average, with 2.1 billion shares traded worth $6 billion. 465 stocks rose, 517 fell and 344 ended unchanged.

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