Australia shares hit 3-week low as prime minister change falls flat

September 15, 2015 7:20 AM

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SYDNEY, Sept 15 (Reuters) - Australian shares tumbled to a three-week low on Tuesday as the emergence of Malcolm Turnbull as prime minister elect failed to inspire investors, and falling commodity prices sent resources lower.

The changeover of futures contracts set to expire on Sept. 15 also generated heavy trading in those derivatives, draining volume from the equities market and exaggerating the fall.

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