Energy, property tugs Australian share market lower

A stock board for the Australian Securities Exchange
The ASX has closed down as the Australian dollar sank to its lowest level in more than six weeks. -AAP Image

The Australian share market has inched lower at the close, weighed down by property and energy stocks, as commodity prices lost ground and tech heavyweight results out of the United States underwhelmed.

The benchmark S&P/ASX200 index on Wednesday finished 7.4 points lower, or 0.1 per cent, to 7,963.7 points while the broader All Ordinaries fell 3.1 points, or 0.04 per cent, to hold basically flat at 8,205.5 points.

The Australian dollar sank to its lowest level in more than six weeks, buying 65.92 US cents, from 66.32 US cents, in Tuesday's ASX close.