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AAP
AAP
Business
Derek Rose

Aussie shares plunge ahead of Federal Reserve meeting

The ASX200 index finished 1.23 per cent lower on Wednesday. (Dan Himbrechts/AAP PHOTOS)

The Australian share market has plunged across the board after stronger-than-expected US wage data raised fears of more hawkish commentary from the US Federal Reserve.

The benchmark S&P/ASX200 index on Wednesday finished down 94.2 points, or 1.23 per cent, to 7,569.9, while the broader All Ordinaries dropped 100.1 points, or 1.26 per cent, to 7,831.9.

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