Tariff attack sends Aussie shares into $100b retreat

A shock ASX session has followed an overnight wipeout in US markets after Trump's tariffs. (Paul Miller/AAP PHOTOS)

The Australian share market has fallen to an eight-month low, with more than $97 billion wiped from its top 500 stocks in two days.

The S&P/ASX200 sank 191.9 points, or 2.44 per cent, to 7,667.8 on Friday, while the broader All Ordinaries tanked 205.1 points, or 2.55 per cent, to 7,847.6.