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Business

Derek Rose

Australian shares slump as Trump fires Fed governor

Eight of the ASX's 11 sectors finished lower as the market reacted to political issues in the US. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has dipped as US President Donald Trump once again returned to the global stage with a move critics say threatens the independence of America's central bank.

The benchmark S&P/ASX200 index on Tuesday finished down 36.8 points, or 0.41 per cent, to 8,935.6, while the broader All Ordinaries fell 37.7 points, or 0.41 per cent, to 9,207.3.

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