Aussie shares dip on Chinese stimulus disappointment

ASX stock
Australia's share market lost ground as details emerged of China's stimulus plans. -AAP Image

The local share market has finished modestly lower, losing ground amid disappointment that China's newly unveiled measures to revitalise its economy didn't include major new stimulus measures.

The benchmark S&P/ASX200 index on Tuesday fell 28.5 points, or 0.35 per cent, to 8,176.9, while the broader All Ordinaries fell 35.3 points, or 0.42 per cent, to 8,443.7.

The Australian dollar dropped to a fresh three-week low against its US counterpart, buying 67.32 US cents, from 68.04 US cents at Monday's ASX close.