Australia's share market has had its worst day since April, as a spike in long-dated bond yields had investors considering fixed income assets for better returns.
The S&P/ASX200 slumped 161.8 points, or 1.82 per cent, to 8,738.8, as the broader All Ordinaries fell 157.9 points, or 1.72 per cent, to 9,010.1, wiping more than $53 billion from the top-500's combined $3.1 trillion market cap.
