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AAP
AAP
Business
Adrian Black

Australian shares slide as rate-hike fears mount

Prices on Australia's benchmark bourse have taken a hit on RBA rate-hike expectations. (Dan Himbrechts/AAP PHOTOS)

Australia's share market has posted its worst day since early June after three of the big four banks warned interest rate hikes could come sooner than expected.

The S&P/ASX200 fell 89.6 points on Thursday, down 0.98 per cent, to 9,038.2, as the broader All Ordinaries tumbled by 95.6 points, or 1.02 per cent, to 9,243.2.

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