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AAP
AAP
Business
Derek Rose

Australian shares hit eight-week low as slide continues

Donald Trump United States ASX
Australian shares have dropped further after US President Donald Trump confirmed March 4 tariffs. (Dean Lewins/AAP PHOTOS)

The local share market's slide has intensified, with the bourse falling to its lowest level in eight weeks after US President Donald Trump affirmed tariffs are coming.

The benchmark S&P/ASX200 index fell Friday by 95.8 points, or 1.16 per cent, to 8,172.4 while the broader All Ordinaries fell 102.2 points, or 1.2 per cent, to 8,403.9.

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