Approval granted for major Sun Cable solar farm and subsea line.

Miners dragged down the Australian share market on Tuesday after it hit a record high at the beginning of the week.

Despite gains on Wall Street overnight, where investors increased their bets on a second Trump presidency following a failed assassination attempt on the Republican candidate over the weekend, local trading remained weak.

The S&P/ASX 200 Index fell 17.5 points, or 0.2 percent, to 8000.10 by 12:20 pm AEST, with six of the eleven sectors trading positively, led by banks and industrial companies.

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