Australia Markets closed

Telstra's slide pulls share market lower

The share market has lost ground as almost all sectors posted falls

The Australian share market has closed lower amid widespread losses, including sharp falls in the telecommunications sector following Telstra's earnings warning.

The benchmark S&P/ASX200 index was down 37.5 points, or 0.61 per cent, at 6,097.8 points at 1615 AEST, while the broader All Ordinaries index was down 36.3 points, or 0.58 per cent, at 6,198.7 points.

The SPI200 futures contract was down 27 points, or 0.44 per cent, at 6,095 points.