Australian shares plunge to lowest level since July
Friday was the fourth day of declines in a row for the ASX200 and its third straight week of losses. -AAP Image
The Australian share market has closed at an almost four-month low after suffering its worst day in 10 weeks amid a global pullback in risk assets.
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The benchmark S&P/ASX200 index on Friday dropped 118.9 points, or 1.36 per cent, to 8,634.5, while the broader All Ordinaries fell 127.5 points, or 1.41 per cent, to 8,9087.
It was the fourth day of declines in a row for the ASX200, as well as its third straight week of losses.Â
It dropped 1.54 per cent for the week, its worst weekly performance since a 3.9 per cent loss for the first week of April.
The Australian dollar was buying 65.32 US cents, from 65.57 US cents on Thursday.
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