Every sector of the ASX closed lower, with tech stocks collectively falling 4.4 per cent. -AAP Image
The local share market has suffered its worst loss since early June following hawkish comments by America's top central banker.
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The benchmark S&P/ASX200 index closed down 138.6 points, or 1.95 per cent, to 6965.5, while the broader All Ordinaries dropped 152.4 points, or 2.1 per cent, to 7193.4.
The Australian dollar meanwhile was buying 68.55 US cents, from 69.59 US cents at Friday's close.
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